Existing Special Districts and Funding Tools

Topic and Event Details: Existing elements of Nevada state law permit local governments to create and use a variety of special district funding tools. These tools can be used to fund public services, infrastructure, housing, and other community and economic development initiatives and projects. This two hour online educational session will feature a detailed overview of some of the more common special district funding tools that exist including Special Assessment Districts (NRS Chapter 271), Tax Increment Areas (NRS Chapter 278C), Redevelopment (NRS Chapter 279), and General Improvement Districts (NRS Chapter 318). The discussion for each special district funding tool will include an overview of the unique capabilities (and limitations) of each tool along with a discussion on how to establish the district and how to take advantage of each funding technique.

Presenter Bio: Dr. Frederick Steinmann is currently the Director of the University Center for Economic Development, part of The College of Business at the University of Nevada, Reno. He began his professional economic development career with the Reno Redevelopment Agency in the City of Reno, Nevada. Since then, he has worked for the Nevada Small Business Development Center, the Bureau of Business and Economic Research, and for the Carson Economic Development Services Department in the City of Carson, California. Frederick has also worked as a Senior Associate for David Paul Rosen & Associates, one of the elite economic development and public policy consulting firms in California. Frederick earned his Doctorate in Policy, Planning, and Development, with areas of study including economic development, public policy, public finance, and real estate development, from the University of Southern California with the successful defense of his dissertation titled, “The Twilight of the Local Redevelopment Era: The Past, Present, and Future of Urban Revitalization and Urban Economic Development in Nevada and California.” He also earned a Bachelor’s of Science and Masters of Science in Economics from the University of Nevada, Reno.