LINCOLN, Neb. (AP) — Nebraska will steer an extra $20 million to farm and ranch landowners next year to offset their property taxes under a bill signed by Gov. Pete Ricketts.
The measure approved Tuesday is one of the governor’s top priorities, but was watered down from his original proposal to impose spending controls on local governments. On Monday, the governor signed another property tax bill that could make it easier for some local school districts to lower their levy rates.
Ricketts says the bills aren’t everything he had sought, but says compromise is part of the legislative process.
The bills were introduced by Sens. Mike Gloor of Grand Island and Kate Sullivan of Cedar Rapids, both of whom are leaving because of term limits.