LINCOLN, Neb. (AP) - Nebraska property owners could see their tax bills lowered by a collective $200 million annually under a tentative state budget.
The funding approved this week by the Appropriations Committee would increase the state's property tax credit fund by $60 million annually over the next two years. The fund is already set to distribute $140 million over that period, reducing what property owners pay on their local tax bills.
The amount advanced by the committee matches what Gov. Pete Ricketts had requested for the two-year state budget.
Sen. Heath Mello of Omaha, the committee chairman, says the budget still includes room for prison reform legislation and other priorities, but nothing has been finalized.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Services set for Effingham woman killed in crash
Street lights to be discussed at Monday city meeting
Barricaded fugitive arrested in Jackson County
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
Fatal Atchison apt fire investigation continues
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
USD 415 board select new member
Truck fire at CGB facility in Falls City
Date set for signals switch at Hiawatha intersection
LATEST STORIES
USD 115 board approves funding for FBLA trip
Doniphan Co Attorney files for re-election
State Board approves land transfer agreements
Nemaha NRD Board appoints new Director
Johnson-Brock Board approves personnel changes
KS Omnibus Budget signed; funds mental health, economy, others
Pawnee City School to move forward with strategic planning
Falls City High School parking lot project approved