What is an MDD?
A Municipal Development District (MDD) is a special purpose district created by a city to finance and promote infrastructure improvements and economic development projects within a designated area, typically by generating revenue through a small additional sales tax levied within the district boundaries. The funds can be used for:
- Infrastructure Improvements
- Business and Economic Development
- Community Facilities and Spaces
If this ballot measure is approved by district voters, the MDD for the City of New Fairview will be funded from a half-cent sales tax. Property taxes are not affected.