On November 5, 2002
Vote FOR Proposition 1
This is NOT a new tax
In November 2000, the taxpayers of the City of Louisville approved a 1% sales tax. The adoption of this Economic Development Plan completes the process of how the funds are to be spent.
The goal of the Louisville Economic Development Plan is to: enhance the City’s ability to more effectively compete for the expansion of business as a means to provide new jobs above minimum wage to the citizens of Louisville; broaden the City’s tax base; and provide a more diverse economic base to ensure economic stability for Louisville and the surrounding area.
Voting FOR Proposition 1 will not increase your taxes.
Proposition 1: Shall the City of Louisville adopt an economic development program, pursuant to Nebraska Statutes 18-2701 through 18-2738, which (a) limits expenditures to 50% and (b) specifies the type of economic development purposes, for which the sales and use tax revenues may be expended on economic development for the duration of the existing 1% City sales tax, and appropriating annually from the local sales and use tax a maximum of $70,000.00 per year for use in economic development? A vote FOR will result in adopting the economic development plan. A vote AGAiNST will result in not adopting the economic development plan.
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