Straight Talk from Steve
Nebraskans desperately need property tax relief. Over the past ten years property valuations on agricultural land have increased 252 percent statewide and taxes have increased 162 percent. Meanwhile, valuations on residential properties have increased 40-50 percent. The State of Nebraska currently ranks as the seventh worst state in the nation for property taxes. But, as bad as these state rankings seem, they do not accurately reflect the kind of desperation that so many Nebraskans feel once their property tax bill becomes due. The fact of the matter is that our State is on a trajectory which it can no longer sustain.
Last year my bill (LB829) was criticized because I offered no way to pay for the $1.2 billion in property tax relief mandated by the bill. In response to this, let me assert that any property tax relief bill which proposes a way to “pay for it” without making cuts in the State’s budget amounts to nothing more than a tax shift. What these critics fear more than anything else is making cuts to the State’s biennial budget. Moreover, any bill which identifies a way to “pay for it” by making specific budgetary cuts automatically picks a fight with that particular group, and nothing scares these critics more than a fight.
To read more please log in or subscribe to the digital edition. http://www.etypeservices.com/Bridgeport%20News-BladeID393/