LB656 — Adopt the Nebraska Education Formula, terminate the Tax Equity and Educational Opportunities Support Act, and change levy limits and the base limitation for school districts

LB656 — Adopt the Nebraska Education Formula, terminate the Tax Equity and Educational Opportunities Support Act, and change levy limits and the base limitation for school districts · Informed CitizenryLB656 establishes the Nebraska Education Formula, which aims to provide 48% state support for school district general fund operating expenditures to reduce reliance on property taxes. The bill defi…Open in Informed Citizenry