Bill would add school funding, reduce property taxes

The Revenue Committee’s property tax/education funding reform bill, LB 974, was brought out of committee on a 6-2 vote last week.

LB 974 will inject additional state dollars into education funding. By the third year of implementation, it will provide more than $200 million per year in additional funding to our schools to provide property tax relief for hard working Nebraskans.

It will accomplish this by requiring the state to provide over $2,000 per student in foundation aid by that third year.

Under the bill, every district will receive more state dollars than would be available under current...