Property Tax Credit Program Could See Funding Increase - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Property Tax Credit Program Could See Funding Increase

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A proposal to increase funding for Nebraska's property tax credit program has advanced out of a legislative committee.

The appropriations committee voted unanimously Friday on a bill that would pull an additional $25 million each year out of the state's general fund. The fund was created in 2007 to offer property tax relief.

It's expected to receive $113 million from the state's general fund this year.

The amount contributed has stayed flat over the last few years while statewide property values have increased.

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