Voters Approve LB840 Changes
August 17, 2018
Sidney voters made their decision Tuesday, allowing the City of Sidney to modify the LB840 program to include private and public funding sources.
Presently, the City's economic development plan receives funds only from a tax within the LB840 bill. Sidney voters approved extending the LB840 economic development plan through 2027.
A few months ago, City staff talked with the city council about amending the economic development plan to allow funds from sources other than the tax. The scenario brought before the council is if a person wants to offer an endowment, or a company wants to support a...