City Council Approves of Tax Levy Increase for Lincoln Airport Authority

LINCOLN–(KFOR Aug. 28)–Aside from passing the two-year city budget on Monday, Lincoln City Council members also voted to approve an increase to the tax levy for the Lincoln Airport Authority.

The original tax levy was at 1.75 cents per $100 of valuation, and the increase would nearly double it to 2.98 cents per $100 of valuation. The three main uses of the money are for paying down $6.7 million in bond debt from the terminal project and use $15 million for runway renovations. The rest would be deferred for other maintenance projects.

The airport board officials told the Council there are lots of things that have been neglected for several decades and that the money is needed to help drive business in Lincoln.