It seems we have an answer to my previous question about sales tax exemptions and their part (if any) in the Revenue Committee’s 2020 legislative property tax proposal. So far, it looks like the committee won’t be including a proposal to remove sales tax exemptions right off the bat, instead relying on currently projected increases...
News from Lincoln tells us that the Revenue Committee has agreed on an approach to the property tax problem in Nebraska. “…a multi-year plan to address high property taxes should first target help for farmers and ranchers, with a particular emphasis on relief in school districts with high property tax levies…” As of right now,...
A report from the Kansas City Federal Reserve late last week highlighted the findings from the Tenth District Survey of Agricultural Credit Conditions where farm income in the region continued to decline. “Farm income decreased from a year ago across all states in the region, with some variation in the pace of decline. Compared with...
The Pew Charitable Trusts just released new analysis that shows around 1/3 of every state’s revenue came from the federal government in 2017. Nebraska was at 30.9%. The majority of this funding helps to pay for public services such as health care, education, transportation, and infrastructure. This is important for our lawmakers to be aware...
So far, the state has been unable to curb property tax increases, despite now spending $275 million a year to subsidize the local taxes.
Reducing reliance on the property tax through ending Nebraska’s many sales tax exemptions can help create the right environment for revenue-neutral tax reform.
The Platte Institute is releasing a new guide on Nebraska's sales tax.
The Platte Institute will host its 2019 Legislative Summit on Friday, October 4 at the Embassy Suites in Lincoln.
The Platte Institute will host a town hall program on property tax reform featuring five Nebraska state senators representing districts in the Omaha area.
A new report from the Platte Institute says eliminating Nebraska’s many sales tax exemptions is the key to major property tax reform.
Here is a schedule of property tax-related releases and events the Platte Institute will host in September and October.
Speaker Jim Scheer and Sens. Lou Ann Linehan, Tom Briese, and Ben Hansen discuss property tax reform at Northeast Community College.
The Platte Institute will visit Norfolk on Tuesday, August 20 to host a town hall program on property tax reform featuring Nebraska state senators.
We review highlights of the North Platte Property Tax Reform Town Hall and how some local governments are responding to LB103.