Supporters of a billion-dollar property tax relief measure have dropped their efforts to place the issue on the November ballot.
Yes to Property Tax Relief committee spokesman, Trent Fellers, has announce the campaign has ended, though he says the issue remains unresolved.
“The voice of the people is already a significant influence on our efforts here, but we’re going to continue to have deliberations and determine a path forward in finding a solution for both property taxes and education funding,” Fellers tells Nebraska Radio Network.
Fellers says doubts remain that a ballot measure would be the best route to address the issue, stating the committee isn’t convinced the legislature would effectively implement the proposal even if approved by voters.
Fellers says though this campaign has ended, efforts to reduce high property taxes in Nebraska have not.
“Which could include a constitutional amendment that could withstand a challenge from the legislature and is something that could move the state forward in the right direction on property taxes,” according to Fellers.
Petition signature collection efforts have ceased.
Fellers, though, says the committee isn’t giving up.
“We’re reloading,” Feller says. “Today we’re halting this effort, but we’re going to be right back at it, looking to find another solution that works better whether it be through the legislature or a constitutional amendment.”
The Unicameral failed to pass property tax relief in the just-concluded session, leaving the petition drive the only viable means to enact significant property tax cuts this year.
The ballot proposal was essentially Legislative Bill 829 sponsored by Sen. Steve Erdman of Bayard, which never made it out of the Revenue Committee this session.
LB 829 proposed to give property owners a refundable income tax credit equal to half of the property taxes collected by their local school district. It would in effect be a 30% cut in property taxes. It would total nearly $1.2 billion.