Education
1:33 pm
Wed February 5, 2014

Increase in Nebraska school funding advances

LINCOLN, Neb. (AP) — Nebraska's K-12 public schools would receive an additional $35.7 million in state equalization aid under a bill that won first-round approval in the Legislature.

The bill that advanced Wednesday reduces the funding that public schools are required to generate locally through property taxes. That change within Nebraska's school-aid formula automatically triggers additional funding from the state.

Sen. Kate Sullivan of Cedar Rapids, chairwoman of the Education Committee, says she introduced the bill in response to property-tax complaints heard during a series of summer tax hearings. Supporters say increasing state aid would reduce pressure on property taxes, though not all districts receive equalization aid.

Equalized schools would receive an estimated $935.7 million under the bill in fiscal year 2015.

Lawmakers voted 29-0 to advance the bill.

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The bill is LB725

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