Due to legislation passed in 1979, a statute called Tax Increment Funding (TIF) exists today. TIF, also referred to as the Community Development Laws, enable cities and villages to create Community Redevelopment Authorities (CRAs) to perform community development activities. CRAs have the authority to partially finance the cost of some public improvement using the increased tax revenues produced by a redevelopment project.
In Nebraska, communities have utilized TIF to construct public improvements associated with various redevelopment projects, property acquisitions and site preparation. Learn More
