Future of TID Unknown

POSTED BY: Nichole Hannahs
Wednesday, January 9, 2013 - 01:01 PM
Future of TID Unknown

The Muskingum County Transportation Improvement District is fighting for its future.

Board Member Mike Jacoby said the state funding structure has changed and the costs of state audits are putting the organization in a financial pinch. Each year they pay up to $10,000 for the audit and a financial conversion.

"Our hope is that in the next state budget there's more meaningful assistance for TIDS to undertake good project," said Mike Jacoby. "That's not going to be resolved until the summer. We're also hoping there's some way to reduce some audit and financial conversiion costs and we're hoping we can prioritize some good projects and getting some revenue streams to fund them."

Jacoby said he'd hate to lose the TID since it has accomplished over a million dollars in projects, the board is discussing whether the costs are worth keeping it running.

"My fear is if the TID ceased to exist should an opportunity come along in the future we will not have an organization that can move faster than ODOT that can be more creative then ODOT in finding sources of funding to build projects," explained Jacoby.

Over the next few months the board said they'll speak with other TID boards to see how they are coping in this economic climate and report back. Another option may be the TID dormant. Ultimately it is the county commissioners decision as to whether they'll keep the TID.

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