Agriculture groups back bill to fix school funding flaws, deliver one of the largest property tax reductions in Nebraska history
LINCOLN—A legislative proposal to make fundamental changes in the way Nebraska funds K-12 schools and in the process deliver an estimated $500 million in property tax relief has earned the support of several Nebraska agriculture organizations. The groups announced their support leading into first round legislative debate on LB 289, a bill advanced by the Legislature’s Revenue Committee.
“LB 289 provides much needed fundamental reforms to help break the cycle of overreliance on property taxes for funding K-12 education,” said Steve Nelson, Nebraska Farm Bureau president. “This is no property tax band-aid. We’re talking about major tax and education funding reform, the likes of which we have not seen from the Legislature in a long, long time.”
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