Property tax relief, school funding bills heard at statehouse
April 29, 2021
The Legislature passed the budget bills this past week. Governor Ricketts has five days (not counting Sunday) to decide whether to sign the legislation. The governor has the authority to line-item veto specific items on budget bills, without vetoing the entire bill. Once the budget bills have been passed, other legislation that appropriates General Funds or results in the reduction of revenue to the General Fund, and all other tax expenditure bills, can be read on final reading.
LB 2, introduced by Senator Tom Briese, would reduce the valuation of agricultural land from 75% to 50% of actua...