Compromise creates method for property tax relief

Emotions ran high again this week, as legislators tried to complete their priorities during the last few days of this legislative session. As I had hoped, the Revenue Committee advanced a package that joined property tax relief, business tax incentives and a major project at the University of Nebraska Medical Center. This proposal was contained in a compromise amendment to LB 1107, a placeholder bill introduced by the Speaker of the Legislature, Sen. Jim Scheer of Norfolk.

The current Property Tax Credit Fund, reflected on your property tax statement, is funded at $275 million per year. Under...