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Property tax, school funding ideas slowly taking shape

LINCOLN, Neb. (AP) — Nebraska lawmakers are creating a rough list of suggestions to lower property taxes while paying for schools, but senators still disagree over how to pay for them.

The Legislature's Revenue and Education committees will present the ideas to the public at a November 12th hearing at the Capitol. Senators met for nearly eight hours Thursday to discuss proposals.

One of the most-discussed ideas was providing state "foundation aid" for every student in Nebraska, which would reduce the pressure on rural districts that have used property taxes to make up for a loss of state aid.

Other proposals would ease school district levy restrictions and reduce the taxable value of farm and ranchland, allowing schools to qualify for more state aid.

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