The chairman of the Nebraska Legislature’s Education Committee has unveiled a new proposal intended to provide more sustainable and predictable funding for K-12 public schools while lowering property taxes.
Senator Lynne Walz of Fremont says her measure would help stabilize the funding that schools get each year and ease their reliance on property taxes.
It was developed in conjunction with Columbus school officials and various public school associations, but its prospects in the Legislature are unclear because it requires an additional $715 million dollars in state funding each year.
The extra money would lower school district tax levies by reducing the amount of money schools have to generate locally to cover their costs.