Property taxes, school finance discussions held

This week saw the Legislature continue the discussion of the governor’s school finance and tax package. LB 243, as amended by the Revenue Committee, would make a series of changes aimed at easing the financial impact of increasing property tax valuations on Nebraska’s local property taxpayers. Among changes proposed, the measure would increase the minimum amount of relief granted under the Property Tax Credit Act to $388 million in tax year 2024 and $560 million by tax year 2029. This amount would then grow by the percentage increase in the total assessed value of all real property statewide o...