LINCOLN — A measure that would allow Nebraska natural resource districts to issue bonds for certain water projects has stalled in the legislature.
The proposal was withdrawn after a failed attempt to overcome a filibuster.
The idea was to allow NRD’s to issue general obligation bonds for projects that don’t produce revenue. These include flood and recharging ground water control.
Opponents worried the measure would encourage more local government spending and hurt the effort to reduce property taxes.
Nebraska offers $11 million-per-year for projects through a water sustainability fund, but smaller districts have struggled to generate enough money to qualify for aid.
