Governor Says New Report Highlights Tax Relief, Aid To Local Governments

LINCOLN – Nebraska Gov. Pete Ricketts issued a statement Tuesday following a new report from the Nebraska Department of Revenue showing that the State of Nebraska provided $2.2 billion in property tax relief and aid to local government agencies over the last year.

 Ricketts: “The State of Nebraska continues to substantially increase property tax relief and state support for local governments.

“These resources helped offset a portion of local property taxes, which continue to be a burden for working Nebraskans.  Thanks to continued collaboration with the Legislature, Nebraskans will experience another significant jump in relief next year as new tax credits from LB 1107 take effect.”

A press release from the governor’s office highlights aspects of property tax relief and aid to local governments.

• In the last five years, aid to local governments has grown from $1,790,710,384 in 2014-15 to $2,231,488,445 in 2019-20.
• In the most recent legislative session, Governor Ricketts and the Legislature worked together to approve a $650 million property tax relief package.
• In the last six years, the Governor and Legislature have successfully worked together to nearly double the property tax credits delivered under the Property Tax Credit Act.

 The press release says aid to schools, cities and other local subdivisions helps provide property tax relief and eases the burden on local government budgets and property tax bills paid by local taxpayers.