Ballot Issues Education for the 2008 General Election

Authors

J. David Aiken, University of Nebraska at LincolnFollow
Bradley D. Lubben, University of Nebraska at LincolnFollow

Date of this Version

2008

Document Type

Article

Comments

© 2008, The Board of Regents of the University of Nebraska on behalf of the University of Nebraska–Lincoln Extension. All rights reserved.

Abstract

Nebraska communities attempt to attract new employers to the community often by providing economic incentives to the new business: direct loans or grants, infrastructure improvements (roads, power, sewer lines, etc.), purchasing real estate, and job training grants. Communities can respond more quickly to new business development opportunities if the community has a pool of community development funds available for immediate use. The 1991 Nebraska Local Option Municipal Economic Development Act allows Nebraska cities and villages to create such a fund after preparing a community economic development plan, receiving voter approval and with continuing citizen review board oversight.¹ Under current statutes, cities may levy a property tax of up to 0.4% to fund the community economic development plan.


¹Nebraska Revised Statutes §§18-2701 to -2738 (1997 and 2006 Supp.).