BEATRICE – Nebraska Governor Pete Ricketts is not budging on his opposition to tax increases or shifts, as state lawmakers consider property tax relief proposals.
Ricketts said in an interview with KWBE, Friday, he’s willing to work with lawmakers on some ideas.
:41 “in property tax”
Ricketts has proposed increasing the state’s property tax credit relief fund by $51 annually over each year of the biennial budget. He also wants to establish a floor in the relief fund of $275 million.
Ricketts is also pushing a constitutional amendment to limit property tax increases.
:15 “we have today”
Voters would have to approve the change, in the 2020 election. Ricketts anticipates the Legislature’s Revenue Committee to advance a tax relief package sometime in mid-April.
:18 “the solution”
Recently, the latest revenue forecasting board projection indicated the State of Nebraska will see $80 million less in revenue for the rest of this budget period, and $30 million less in the next two-year budget.
Ricketts says it’s too late to adjust the current budget.
:34 “tax receipts”
Ricketts says the April revenue forecast will be the one the state uses for planning the next biennial budget.