URBAN AFFAIRS COMMITTEE HOLDS HEARING IN GRAND ISLAND

On September 29th the Urban Affairs Committee held a hearing in Grand Island to hear testimony on LR138 and LR60. LR138 is an interim study that will look at all the options and challenges local governments face in condemning vacant or abandoned building. LR60 is a study to look at issues that come about from local municipality’s use of tax increment financing (TIF). LR60 was created as a direct response to the state auditor’s report on TIF project which found multiple issues with TIF projects, mainly record keeping. As testimony was given two positions became evident for LR60. There were those who wished for more state level authority and oversight on TIF projects, and those who would rather let local municipalities continue govern their own TIF projects.