Governor Ricketts Highlights Record-Setting $2 Billion in Property Tax Relief & Aid from the State to Local Governments

Governor Ricketts Highlights Record-Setting $2 Billion in Property Tax Relief & Aid from the State to Local Governments

LINCOLN, Neb. – The following is a release from the office of Governor Pete Ricketts in regards to the state of Nebraska providing over two billion dollars in aid to local governments:

“For the first time ever, Nebraska is delivering over $2 billion in property tax relief and aid to local governments. This aid comes from state dollars and provides relief from the property taxes levied by local government.

Property tax relief has been a top priority in each of my budgets, and it will be my top priority in the upcoming budget.

  • In the last five years, aid to local governments has grown from $1,692,725,473 in 2013-14 to $2,045,921,331 in 2017-18.
  • In the most recent budget approved by Governor Ricketts and the Legislature, state aid to K-12 schools grew four times faster than the overall state budget.
  • In the last four years, the Governor and Legislature have successfully worked together to increase the property tax credit relief by 60 percent.