Omaha Public Power District distributed in-lieu-of-tax payments totaling $34.4 million to 11 southeast Nebraska counties. That’s up slightly from nearly $34 million distributed last year. Payments were made April 1.
“We hope these funds help lighten the financial burden for counties throughout our service territory, particularly with the past year’s challenges due to COVID-19,” said OPPD Board Chair Amanda Bogner.
“Payments in-lieu-of tax benefit schools and other governmental agencies throughout the communities we serve,” she said. “And that’s very gratifying.”
In-lieu-of-tax payment amounts are based on 5% of OPPD’s gross revenues from the previous year’s retail electricity sales in incorporated cities and towns, and they take the place of property taxes. County treasurers distribute the funds to school districts, cities and other entities to fund needed services and improvements.
In addition to in-lieu-of-tax payments, the district pays general sales taxes, gasoline taxes, motor vehicle license fees and permit fees like any other business.
Below are the payments made to each county (rounded to the nearest dollar):