WOWT on Jan. 8: Nebraska Governor wants to reduce property taxes by $2 billion

By |2024-05-06T09:53:08-05:00January 8th, 2024|OpenSky in the Media|Comments Off on WOWT on Jan. 8: Nebraska Governor wants to reduce property taxes by $2 billion

Nebraska Gov. Jim Pillen says it’s a problem that is handcuffing Nebraskans: enormously high property taxes. He vows to cut those taxes by more than $2 billion, by taxing other things.

Nebraska taxes are divided into three main groups, and in 2024, the state expects $5.3 billion from local property taxes, $3.6 billion in state income taxes, and $2.5 billion in state sales taxes.

Gov. Pillen wants to get that $5.3 billion in property taxes down near the $3 billion mark — a 40 percent reduction.

But in order to do that, one of those other numbers would have to go up, and the most likely candidate according to policy experts, is sales tax.

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