Bill > LB589

This bill, the School District Property Tax Limitation Act, sets a property tax request authority for school districts in Nebraska. The authority is based on the prior year's property tax request plus non-property tax revenue, increased by the highest of several specified percentages, and then decreased by the current year's non-property tax revenue. The bill allows school districts to exceed the authority with voter approval or school board approval, up to certain limits. The bill also allows school districts to carry forward unused authority to future years and requires the State Department of Education to oversee compliance with the act.