The Omaha City Council is scheduled to vote Tuesday on a tax increment financing district in the area surrounding TD Ameritrade’s new headquarters.
The headquarters is in Omaha’s Old Mill area, south of 114th and Dodge Streets. TD Ameritrade officials say the TIF is needed for five-million dollars worth of infrastructure improvements. City Councilmen previously declared the area blighted.
Douglas County Commissioners oppose the TIF district, saying the revenue will only benefit the city of Omaha.
An economic analysis group says Nebraska lawmakers need to explore changes to the state’s tax policy.
The Open Sky Policy Institute released a report Thursday morning on Nebraska’s budget and tax policy. Executive Director Renee Fry says state government needs to look at reforming the tax code, as well as expanding what goods and services are taxed.