SIDs Low Cost Benefits Everyone
SIDs are in reality a public private partnership. Because of the tax-exempt instruments used to finance SIDs, the cost of development is lower, which benefits both the builder and the buyer. If developers had to finance the installation of improvements, there could be a tendency to do no more than the minimum required and future needs might not be adequately planned for. By passing along the cost of these general benefit improvements through general obligation taxes, the developer is more willing to install improvements for the future.
Learn About Sanitary & Improvement Districts
An SID is a limited purpose political corporation and one of the primary tools to facilitate urban development in Nebraska. Unique to Nebraska, SIDs have proven to be an efficient and effective way for municipalities to grow at a market driven pace.