“Raising revenue” means raising your taxes
As Nebraskans recover from the most devastating natural disaster in our state’s history, the Legislature continues to work on the next two-year budget and property tax relief. While Senators work, it’s important that they approach these issues in a way that brings people together and provides tax relief for all Nebraskans.
This year, I have three property tax relief proposals. My budget provides $51 million in new, direct property tax relief through the Property Tax Credit Relief Fund. This is a 23% increase in property tax relief from this fund to all Nebraska property owners. This approach puts more money directly into the pockets of working families. Second, I am recommending we establish a statutory floor of $275 million for the Property Tax Credit Relief Fund. Third, I proposed a three percent cap on property tax increases by local governments.
Sadly, some State Senators are talking about raising taxes on Nebraskans in the name of property tax relief. A number of the so-called “tax relief” proposals simply shift the tax burden from one tax to another, taking money from one group of Nebraskans and giving it to another.
To read more please log in or subscribe to the digital edition. http://www.etypeservices.com/Bridgeport%20News-BladeID393/