NEW SCHOOL FINANCE COMMISSION APPROVED WITH HOPES FOR LONG-TERM NEBRASKA PROPERTY TAX REFORM

LINCOLN — Nebraska lawmakers greenlit a long-term commission Friday to review how the state funds its K-12 schools, a step that could lead to future property tax relief after the latest efforts fell short this year.

Legislative Bill 303, from State Sen. Jana Hughes of Seward and introduced at Gov. Jim Pillen’s request, passed 48-0. It would create an 18-member School Financing Review Commission to regularly review and suggest possible improvements to the state’s main state aid formula to divert sales and income tax dollars to public K-12 schools: the Tax Equity and Educational Opportunities Support Act.  

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