LINCOLN - The state would set aside up to 1% of its annual tax revenue, about $50 million a year, for economic development projects in excess of $1 billion under Legislative Bill 1084, the Transformational Projects Act.
The bill, introduced by State Sen. Mark Kolterman of Seward, would be the vehicle to obtain $300 million in state funding, over six years, for the proposed NExT Project at the University of Nebraska Medical Center campus in Omaha.
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