Tax Reform: Making Omaha’s Budget Work for the People
Omaha’s tax system prioritizes big developers and corporations while working-class families carry the burden. Tax incentives are handed out to luxury developments, but residents see little return in the form of infrastructure, affordable housing, or social services.
Omaha has awarded nearly $500 million in Tax Increment Financing (TIF) incentives over the past decade, often to high-end projects. (Omaha World-Herald)
Property taxes continue to rise, making homeownership harder for working-class families while corporate landowners benefit from tax abatements.
Public infrastructure remains underfunded, with many working-class neighborhoods seeing delayed improvements.
Why Tax Reform Matters
Omaha’s budget should serve public interests, not just private profits. Tax policy determines whether communities receive the investments they need or whether resources are concentrated in wealthier districts.
TIF incentives must serve public good, not just developers. Many TIF projects claim to revitalize neighborhoods but result in gentrification and displacement.
Shifting tax burdens onto homeowners and renters increases financial strain. Cities that reduce corporate tax breaks and invest in working-class communities see stronger local economies and lower eviction rates.
Investing tax dollars in infrastructure and services strengthens communities. Every $1 invested in community development returns $4–$6 in economic growth.
A Plan for a Fairer Tax System
To ensure tax revenues benefit the entire city, I will advocate for:
✔ Stronger oversight on TIF projects to ensure tax breaks are used for community needs like affordable housing and public infrastructure.
✔ Property tax relief for working-class homeowners and renters by shifting more of the burden to large corporate landowners.
✔ Greater transparency in tax incentives so residents can hold city officials accountable for how public funds are spent.
✔ Reallocation of tax revenue to prioritize infrastructure, public services, and equitable development.
Omaha should use tax policy to build a city that benefits all residents—not just a handful of wealthy developers.