Governor Ricketts Signs Budget

Governor Pete Ricketts signed into law the State of Nebraska’s budget for the next biennium (FY21-22 and FY22-23).  Commenting on the budget, Governor Ricketts noted that it delivers over $1.45 Billion in property tax relief and provides over $1 Billion annually in aid to Nebraska’s K-12 school districts.

Property Tax Cap Fails to Advance

The Legislature devoted a full day of General File debate to LB408, which proposed to place a 3% lid on the annual increase in property tax requests from certain political subdivisions (schools, cities, counties, ESUs, NRDs, community colleges).  Supporters of LB408 argued that the limit was a necessary facet of providing property tax relief to […]