LINCOLN - It's going to be "something done for everybody," or nothing gets done when the Legislature reconvenes later this month and confronts a trio of major issues, including proposed property tax relief, Sen. Lou Ann Linehan of Elkhorn said Wednesday.
LB1106 would provide $520 million in local property tax relief by lowering valuations and increasing state aid to schools. LB720 would enact a new business investment tax incentive program to replace the Nebraska Advantage Act, which expires at the end of the year. LB1084 would commit the state to provide $300 million in funding to help build a blockbuster $2.6 billion center at the University of Nebraska Medical Center to respond to national health threats and crises if the federal government chooses UNMC to perform that task.
Linehan said a group of 10 senators has been meeting quietly to seek a property tax compromise agreement.
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