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LB211 would give small local governments a 2% growth floor if public‑safety spending is low, proponents tell committee
Summary
Senator Merv Riepe told the Revenue Committee LB211 would provide a minimum growth factor for political subdivisions whose property‑tax‑funded public‑safety spending is under 20 percent of the local property‑tax budget.
Senator Merv Riepe told the Revenue Committee LB211 is a targeted adjustment to the Property Tax Growth Limitation Act intended to help smaller counties and municipalities that cannot make use of the public‑safety exception in LB34. Under LB211, if a political subdivision’s property‑tax‑funded spending on public safety is less than 20% of its total property‑tax‑funded budget, its property‑tax request authority could increase by the greater of 2% or the inflation percentage. If public‑safety spending equals 20% or more, the political subdivision would be governed…
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