Property tax relief, state aid to schools included in Nebraska budget
LINCOLN, Nebraska (KOLN) – Governor Ricketts signed Nebraska’s two-year budget bill on Monday. It comes after the Legislative Assembly unanimously approved it.
With the budget passed on Tuesday, lawmakers say it will ease pressure on homeowners.
Lincoln Senator Anna Wishart said: “The more state aid we provide to schools, the less local communities need to invest, so there will be a reduction in property taxes as well.”
The budget provides over $ 1 billion in funding for kindergarten to grade 12.
Gov. Pete Ricketts said it was the largest funding the state has ever provided for education.
“As we continue to ask local governments to control their spending, it is also important that we continue to invest in education,” Governor Ricketts said.
A priority for Governor Ricketts this session is to provide property tax relief.
He called on the Legislature to allocate $ 1.36 billion in the biennium in his State of State address. He signed a tax break of $ 1.45 billion on Tuesday.
Governor Ricketts said: “This is something that we have been working on for a long time.”
“They will see a portion of their property tax credit which is a reduction on what they will pay on their bill,” Senator Wishart said.
Governor Ricketts said the final budget was about 95% of what he asked lawmakers. This includes the next steps towards a new state penitentiary.
“It is important that we replace this state penitentiary. this budget allows us to move forward on that process by starting to do the design work, ”Governor Ricketts said.
For Senator Wishart, it focuses on research within the prison system.
“We are doing a lot of work over the summer with a federal justice institute framework to see how we can do a comprehensive prison reform,” said Senator Wishart.
She adds that next year will be a big year in terms of criminal justice reform and analyzing Nebraska’s overcrowded prisons.
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