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Gov. Ricketts: New Forecast Means Property Tax Relief

Media Contacts:  

Taylor Gage, 402-471-1970

Eric Maher, 402-471-1974

 

Media Release:

Gov. Ricketts: New Forecast Means Property Tax Relief

 

LINCOLN – Today, Governor Pete Ricketts issued a statement following a decision by the Nebraska Economic Forecasting Advisory Board, which raised the revenue forecast by $45 million for the current fiscal year FY2018-19 and $10 million for fiscal year FY2019-20.  It held FY2020-21 flat.

 

“Today’s forecast is good news for property tax relief.  The $55 million increase in the forecast allows the Appropriations Committee to deliver the full amount of property tax relief I recommended in my budget for farmers and homeowners.”

 

The Governor recommended an increase of $51 million each year to the Property Tax Credit Relief Fund.  The Appropriations Committee previously voted to only include $26 million in the budget of the $51 million recommended by the Governor.