Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, October 27
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Questions circle property tax plan as it inches toward floor debate
    Property

    Questions circle property tax plan as it inches toward floor debate

    August 9, 20243 Mins Read


    LINCOLN, Neb. (KOLN) – It’s been a long and bumpy road for Gov. Jim Pillen’s tax plan: from the failed attempt in the regular 2024 legislative session to the introduction of LB 1 in the special session to finding a new home in LB 9. And as debate looms next week, it doesn’t appear things will get any easier.

    The Nebraska Legislature’s Revenue Committee was set to meet on Thursday at 8 a.m. to vote the amended form of LB 9 onto the floor, but a few wrinkles in the language meant a last-minute trip back to bill drafters.

    “I’m anxious,” Sen. Jana Hughes said. “I want property tax relief.”

    Hughes originally introduced LB 9 as a more gradual alternative to the Pillen’s proposal for the state to take over all K-12 education operating costs. Now, it’s the primary vehicle for the Pillen plan.

    “All of it has changed pretty much,” Hughes said.

    The amended version would see school levy lids lowered from $1.05 to $.25 for fiscal year 2025-26. Hughes said that would mean about 100 schools would be in trouble in terms of funding right away, but chair of the Revenue Committee, Lou Ann Linehan, said that’s something they’re working on.

    “Some senators in the Department of Education are working on fixes to those issues right now,” Linehan said. “I’m not looking for perfect. I’m looking for the language to say what we want it to say.”

    Linehan made strides to explain what they want to say during a briefing at 10 a.m. on Thursday. Speaking to a room full of state senators and their staffers, she and State Sen. Brad von Gillern worked to unfold the complex package, weaving in examples of savings in household budgets.

    “I think the briefing went really well,” Linehan said. “I think people understand it and more what we’re trying to do.”

    But for some, that gathering didn’t seem to move the needle at all.

    “I think I left with as many questions as I had when I walked in,” State Sen. George Dungan, the Revenue Committee’s most outspoken opponent of the bill, said. “I’ve talked to my friends on the left. I’ve talked to my friends on the right. I’ve talked to my friends in the center. And every single group of people I’ve talked to have problems with this plan.”

    The revenue committee still has not pushed the amended form of LB 9 onto the floor.

    Facing a wall of motions and filibusters, the bill will likely have a short run way as it heads to the floor.

    “Right now it’s a little bleak, but I don’t know,” Hughes said. “I think sometimes this happens, and then the phoenix rises from the ashes. So I’m going to be hopeful.”

    There’s no clear sign of when LB 9 will come onto the floor as the Revenue Committee has yet to vote on it.

    The Legislature adjourned for the week on Thursday and is set to be back on Monday afternoon.

    Click here to subscribe to our 10/11 NOW daily digest and breaking news alerts delivered straight to your email inbox.

    Copyright 2024 KOLN. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleChina CPI, PPI, Nikkei 225
    Next Article AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

    Related Posts

    Property

    11 fire engines at Rickinghall thatched property blaze

    October 26, 2025
    Property

    What £1,000,000 buys across the UK — from city apartments to seaside escapes

    October 26, 2025
    Property

    China’s Economy Faces Growing Strains Amid Debt, Deflation, and Demographic Decline

    October 26, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Commodities overview: OPEC+ in the doldrums, gold against the odds

    October 29, 2024
    Property

    Trafalgar Property réalise un bénéfice net de 94 500 GBP grâce à la vente de Speldhurst

    May 28, 2025
    Stock Market

    Asian Stocks Mixed in Volatile Trading as Markets Weigh Politics, Fed Cuts

    September 8, 2025
    What's Hot

    Bossier Parish utility crews to repair water leak on Aug. 22

    August 21, 2024

    un objectif à 108 000 $ en vue, selon les analystes

    May 2, 2025

    It’s Past Time We Take Back Control of Our Essential Utilities and Resources

    August 23, 2024
    Most Popular

    Taxes may be a blind spot in your investment portfolio

    August 29, 2024

    Bitcoin (BTC) on Verge of Biggest Breakout in Price History

    August 23, 2024

    Finfluenceurs : les influenceurs finance | France Inter

    June 4, 2025
    Editor's Picks

    Egypt Rolls Out National Plan to Cut Prices on Key Goods

    August 6, 2025

    Steep rise in landlords remortgaging to fund for property improvements in H1 2025: Paragon – Mortgage Strategy

    September 24, 2025

    Meme stocks are surging again, which may be good news for the risk rally: Morning Brief

    August 21, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.