The Story Behind Some City Renovations
Local Sales Taxes Help Fix Up Longhorn Building And Other Sites
June 18, 2020
The Economic Development Board met on Tuesday, June 9, with a quorum of members. Chairman Roger Wynne called the Zoom meeting to order at 7:30 am.
The board had previously tabled the consideration of using local banks to process and handle all LB 840 loans, but it was decided that the use of local banks just wasn't a feasible option for all parties.
LB 840 money is sales tax money from the city. The city averages about $15,000 monthly in sales tax. According to City Treasurer Annette Brower, "Each month the sales tax that is generated by local businesses in town is remitted back to the cit...