On November 2, 2010 the citizens of Crete approved an LB840 Economic Development Plan for the City of Crete and an additional 1/2% local option sales tax to fund the plan. An advisory board is appointed by the Mayor and . . .
Tax Increment Financing, or TIF is a tool to assist in financing redevelopment projects in designated blighted and substandard areas of the city. The City of Crete issues bonds or a promissory note to finance any approved project. . . .