Property taxes high on state priority list

Friday, October 28, 2016

Property taxes are high on the mind of everyone in the state of Nebraska right now, especially our agricultural producers. With the collapse in commodities markets, many agricultural producers are concerned about their viability to stay in business next year. As I travel the district, property tax is the number one issue I hear about. Unfortunately, there is not much the Legislature can do facing a budget shortfall of over $113 million, not counting the additional $25 million shortfall against revenue projections for this past September. The Nebraska Economic Forecasting Advisory Board will consider the September numbers, among other things, when it meets and releases a new forecast on October 28th.

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