LINCOLN, Neb. (AP) - Nebraska Gov. Pete Ricketts has signed a new two-year budget that includes $408 million in state money for property tax reductions.
The Republican governor announced Wednesday that he approved the $8.7 billion package without vetoes. He says the budget met his goals of increasing property tax relief and slowing state spending increases.
The budget includes an increase in state aid for property tax reductions, education and prison expenses. The $408 million approved will go to Nebraska's property tax credit fund, which uses state money to offset local property taxes.
Ricketts says he was pleased with the overall budget, calling it a good step toward sustainable tax relief.
Lawmakers approved the budget last week.
© Associated Press
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