LINCOLN, Neb. (AP) — With the session more than half finished, Nebraska lawmakers are still sorting through ways to lower property taxes while balancing the state budget.
Bills slated for debate include personal property tax legislation to benefit businesses and a $45 million annual increase for the state property tax credit fund, which reduces what property owners must pay.
Sen. Mike Gloor of Grand Island, chairman of the Revenue Committee, says a slowdown in state revenue will make it harder to pass "home run" tax cuts, but he says lawmakers will make progress this year.
Lawmakers have about $41 million for legislative items that aren't already part of the two-year budget. Gloor says major spending cuts are unlikely because of the need to fund Medicaid programs and K-12 education.
Copyright 2015. The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.