“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.

 

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