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    Tif In Nebraska: Is The Community Development Law Broken Or Are Proponents Of Reform Merely Playing A Broken Record On Repeat?

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    Citation Information

    Title
    Tif In Nebraska: Is The Community Development Law Broken Or Are Proponents Of Reform Merely Playing A Broken Record On Repeat?

    Authors
    Venteicher, Colten

    Journal
    Creighton Law Review

    Volume
    49

    Issue
    3

    Pages
    651-682

    Date
    2016
    Metadata
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    Abstract
    INTRODUCTION

    In 1978, Nebraska voters approved a constitutional amendment to allow the use of tax increment financing ("TIF") as a means to redevelop substandard and blighted areas. In 1979, the Nebraska Legislature added supplemental provisions to the existing Community Development Law (collectively, the "Statute") to grant local governments with the power and discretion to use TIF. TIF is a financing tool that involves the property taxes that are collected as the result of an incremental increase in property value generated by a redevelopment project in an area that has been declared substandard and blighted. The collected tax moneys from the incremental increase in property value are typically used to pay off a TIF bond, which is issued in order to provide up-front capital for public investments, such as public infrastructure, associated with the redevelopment project...
    URI
    http://hdl.handle.net/10504/87852
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