LINCOLN, Neb. (Nebraska Examiner) – Who deserves $3.6 million in life insurance proceeds: the family of a Lincoln businessman implicated in a multimillion-dollar fraudulent loan scheme, or the financial institutions ripped off by Aaron Marshbanks? That question was argued Friday in court as the effort continues to resolve more than $34 million in claims against
A bill that would significantly reduce property taxes in Nebraska is facing stiff opposition as it faces the last hurdle of the legislative process. Earlier this year, state Governor Jim Pillen called for a 40 percent reduction in property taxes, with Legislative Bill 388 being introduced to the Nebraska legislature on January 12. On Wednesday
Nebraska senators approved the school funding portion of the governor’s property tax relief plan. LB 1331 would increase the amount of foundational aid paid to public school districts.It would go from $1,500 per student to $3,000 per student.The bill would also adjust the school funding formula known as TEEOSA, so districts do not lose out
Nebraska Gov. Jim Pillen signed a bill into law paving the way for $1 billion in new federal funds for Nebraska hospitals.LB 1087 is being called a “game changer” to stabilize facilities, especially in rural areas, by increasing the reimbursement rates for Medicaid patients without tapping into any additional state revenues.”We have a billion reasons
Nebraska lawmakers spent hours talking about property tax relief Wednesday night. Gov. Jim Pillen supports a proposed bill to tackle the issue, but it’s still unclear if senators will vote it through before the session ends.Most senators agree they want to see property tax relief. But how to pay for that relief is a different
Finance guru Suze Orman has warned the effect of climate change on soaring property insurance premiums is destroying the American dream of homeownership. The 72-year-old has given up on cover for her own 2,100-square-foot, ocean-side condo in Florida after she was quoted $28,000 a year by her insurer. Orman claims that Americans will soon have little
Proposals to limit or freeze local governments from raising property taxes drew support and opposition during a legislative hearing Wednesday.They are part of Gov. Jim Pillen’s plan to cut property taxes by $2 billion.Homeowners like Liz Abel of Omaha told the Legislature’s Revenue Committee on Wednesday that her property tax bill increased by 38%.”I continually