Nebraska Tax Sources: The complete tax picture over 24 years
Nebraska Tax Sources: The complete tax picture over 24 years
Over the last 24 years, Nebraska’s major revenue sources have grown at roughly 2.5-3 times the rate of inflation, with property tax collections outpacing sales and income tax collections at a slightly faster clip. This overall high rate of revenue and spending growth is what drives Nebraska’s high tax burden. Nebraska’s property tax remains the...
By Michael Lucci
Annual Report: Cost of Nebraska’s Medicaid Expansion
Annual Report: Cost of Nebraska’s Medicaid Expansion
This is the first edition of our Annual Cost of Medicaid Expansion report, marking a critical step in providing Nebraskans with transparent, detailed data on the financial impacts of Medicaid expansion. As Medicaid costs have grown rapidly in recent years, this annual report will now offer a consistent and independent source of information, allowing Nebraska...
By Michael Lucci
Tax-happy Aurora Officials Buckle Against Truth in Taxation
Tax-happy Aurora Officials Buckle Against Truth in Taxation
Aurora officials have had their hearts set on a major tax hike in 2024, causing Aurora residents to scramble to defend their wallets. Luckily, Aurora’s most recent tax grab fell under the scrutiny of Nebraska’s Truth-in-Taxation law, which allowed taxpayers to push back against a massive tax hike. The Truth-in-Taxation neon postcards sent to Aurora...
By Michael Lucci
LR2CA Emerges as partial solution to property tax problem
LR2CA Emerges as partial solution to property tax problem
LR2CA, a constitutional amendment proposed by Senator Tom Brandt, emerged as an interesting option with significant support during Friday’s special session. While this proposal would not immediately change property taxes, it would open a constitutional door for legislators to tax different property types differently. Article VIII of the Nebraska Constitution defines the types of taxes...
By Laura Ebke
Jim Vokal’s Weekly Email: I’m Frustrated Again…
Jim Vokal’s Weekly Email: I’m Frustrated Again…
I’m frustrated – again. It’s the time of year when we are all braving the heat and the release of countless budgets across the state. And the majority of the elected officials crafting and approving budgets are making the case not only for a Special Legislative Session to reduce property taxes, but reinforcing my number...
By Jim Vokal
Research Note: Public service commission touches on all our lives
Research Note: Public service commission touches on all our lives
Editor’s Note: This is the first in a series of research notes compiled by Platte’s second summer intern this year, Alexander Endorf, exploring the history and jurisdiction of the Public Service Commission in Nebraska. What are Public Service Commissions? Public service commissions, also called public utilities commissions or corporation commissions, are quasi-judicial agencies that regulate...
Property Tax Reform Policy Vision
Property Tax Reform Policy Vision
The purpose of Platte Institute’s tax vision document is to lay out the principles that Platte Institute believes should guide the ongoing property tax reform efforts. First, we will lay out actions to avoid with explanation. Then we will argue for accomplishing fundamental policy deliverables that are necessary for the successful delivery of property tax...
By Michael Lucci