May 17, 2024
Property

Nebraska lawmakers approve school funding portion of Gov. Pillen’s property tax relief plan

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

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Property

Nebraska senators hear praise, criticism of property tax proposal

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

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