Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community
Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community
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It’s a case if you don’t use it, you’ll lose it. “And you’ll never get it back,” Summerland Superintendent Kyle Finke said while discussing the board’s decision to raise the district’s tax asking authority by up to 7%. The agenda action item is the result of the recent enactment of LB243, known as the School District Property Tax Limitation Act. For the upcoming fiscal year, the act limits growth at 3%. The act creates a default rule which caps the magnitude of a school district’s prop...
As if propping up the school aid formula to historic proportions wasn't enough, the new governor appears to be getting his way in the Legislature with a package of tax changes that could cost the state more than $3 billion over the next six years. The plan would increase Nebraska's two property tax credit programs, cap school property tax growth and eliminate almost all community college property taxes. Oh, and this bill works in concert with one that would cut the state's top income tax rate...
