Property tax relief, so close, so far

Capitol View

Tax reform in Nebraska. Has the improbable become impossible?

In the waning days of the session, a classic battle between the Executive and Legislative branches looms large. The Governor wants property tax relief but no increases in other taxes or tax shifts. The Legislature says it needs increases or shifts to fund property tax relief.

In a promising—albeit fleeting—development, the Legislature’s Revenue Committee drafted a plan to reduce property taxes by increasing state aid to K-12 education. That was the top recommendation of the Legislature’s 2013 Tax Modernization Committee to reduce property taxes. But the search for new revenue to fund the increase and the tweaking of the legendary state school aid formula remain problematic.

 

 

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