Community Development News

Government program helps preserve communities; serves as example for other states

Driving down main streets in many Nebraska communities offers a similar view – old, brick buildings line the street, interspersed among newer, modern facades. Some are well maintained while others are falling into disrepair – which some local residents are rallying to save.  

Years ago, these structures housed the offices of doctors, lawyers, and dentists on the second floor; while the main floor was home to hardware stores, clothing shops, bakeries, drug stores, and more. Every square inch was dedicated to continuing a thriving town economy.

Nebraska Property Tax Relief: Is Rickett’s Plan the Solution?

As they work to determine the best way to bring property-tax relief to Nebraskans, state lawmakers are debating a bill this week backed by Gov. Pete Ricketts. 

Legislative Bill 947 would create a refundable tax credit for agricultural and homeowner property taxes that would grow over time and reduces the top corporate income tax rate about one percentage point over five years. While the measure outlines some property-tax relief, critics say it is nominal for residential property owners and does little to help agricultural landowners now. 

A once-in-a-generation opportunity for tax reform and education funding 

LB 1084, Sen. Tom Briese’s combined property tax relief and school funding bill, is a once-in-a-generation opportunity. Let me explain this bold statement.

In the mid-1960s, two generations ago, the state of Nebraska ended statewide property tax. At about the same time, the state began collecting both sales and income taxes. These were all bold moves for generating income for the state.

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