During their first legislative session under Gov. Jim Pillen, Nebraska policymakers are considering legislation that aims to increase the state’s role in financing K-12 education and decrease local property tax burdens for school district residents. Specifically, two state bills address the fact that Nebraska is one of the most property tax-dependent education systems in the country, and many of its rural school districts get no state equalization aid under the state’s K-12 funding formula. However, while the legislation would help alleviate property tax burdens, there’s a substantial exception baked in that would prevent taxpayers from getting dollar-for-dollar property tax relief
