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.
The bill is LB725
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