Nebraska LB692 amends the School District Property Tax Limitation Act to revise property tax request authority calculations and carry forward unused.
Nebraska LB692 modifies the School District Property Tax Limitation Act by changing how property tax request authority is calculated and allowing unused authority to be carried forward. The bill updates the formula for calculating each school district's property tax request authority, adjusting for non-property-tax revenue and documented errors. It also allows school districts to carry forward unused property tax request authority to future years, excluding increases due to base growth percentage changes.
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