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Ricketts Proposes ‘Structural’ Changes for Property Taxes

taxesLINCOLN, Neb. (AP) — Nebraska Gov. Pete Ricketts will push for a legislative package intended to address the underlying causes of rising property taxes.

The proposals unveiled Tuesday would tighten spending limits on local governments and slow the statewide growth of farm- and ranchland property values.

They also would eliminate loopholes that allow local governments to increase their levies without voter approval, and slow the growth of certain parts of school district budgets.

Sens. Mike Gloor of Grand Island and Kate Sullivan of Cedar Rapids will introduce the measures Thursday on the governor’s behalf. Gloor and Sullivan co-chaired a joint committee last year that looked for ways to reduce Nebraska’s reliance on property taxes to pay for K-12 public schools.

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