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Amendment #2

A constitutional amendment to authorize the Legislature to allow cities and villages to pledge property taxes as part of a redevelopment project for a period not to exceed twenty years if, due to a high rate of unemployment combined with a high poverty rate as determined by law, more than one-half of the property in the project area is extremely blighted.

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  • Yes - For the Measure

  • No - Against the Measure

A vote FOR this constitutional amendment would amend the Nebraska Constitution to authorize the Legislature to extend the maximum length of time for the repayment of indebtedness related to tax-increment financing from 15 years to 20 years if more than one-half of the property in the project area is designated as extremely blighted.

A vote AGAINST this constitutional amendment would leave the maximum length of time for repayment of indebtedness unchanged at 15 years.

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