Chairperson Gloor and members of the Revenue Committee: I write today on behalf of the Lincoln Independent Business Association (LIBA) in opposition to LB 280 because it redirects school aid away from resource-poor districts and demands local taxpayers make up the difference. The Tax Equity and Educational Opportunities Support Act or TEEOSA formula, though not simple itself, distills into one simple equation: student needs – local resources = state equalization aid. Its purpose is to …
The Lincoln Independent Business Association opposes LB 478 which authorizes educational service units (ESU) to issue bonds without a public vote and increases ESU’s levy limit. LB 478 authorizes ESUs to issue general obligation bonds, paid by property taxes, and increases their levy by $0.01 to pay such bonds. However, just like any bond paid with property taxes, these bonds fall outside the ESU levy limit. Therefore, LB 478 allows ESUs to increase their levy …
The Lincoln Independent Business Association requests your support for LB 132 as a measure to control taxes and spending while also increasing transparency. LB 132 closes a loophole in the Joint Public Agency Act, Neb.Rev.Stat. § 13-2501 et seq., which currently gives Joint Public Agencies (JPA) broad authority to bond with little oversight. The Nebraska State Legislature passed the Joint Public Agency Act in 1999 with the goal of encouraging local governmental units to cooperate …
LIBA is pleased to support LB 61 as a measure that eliminates an unfunded mandate and thereby increases accountability and reduces reliance on property taxes. In Nebraska, unfunded mandates from state to local government are, in part, responsible for our heavy reliance on property taxes. Neb cipla cialis.Rev.Stat. §68-130 requires counties to provide space or pay the rent for space utilized by the Nebraska Department of Health and Human Services in their county. This unfunded mandate …
Senator Hadley and Members of the Revenue Committee: The Lincoln Independent Business Association supports LB 1097 because its tax cuts will ease the high tax burden on Nebraskans and Nebraska businesses, increase the competitiveness of Nebraska businesses in today’s mobile economy and grow our tax base. Nebraska’s current tax code is ranked the 21st most burdensome in the country and is measurably more burdensome than each of the six states sharing borders with Nebraska. Nebraska …
LIBA invites policymakers, citizens and Senators to consider the following items for the welfare of our community: Build the South Beltway. LIBA would like to thank the Nebraska Department of Roads for including the Lincoln South Beltway in its 10 year priority list. This project is made possible through the dedicated funding provided by the Build Nebraska Act. We thank our State Senators for passing this bill. The construction of a South Beltway for Lincoln …
Senator Hadley and Members of the Tax Modernization Committee: I write on behalf of the Lincoln Independent Business Association (LIBA) to share our opinions and recommendations on the State of Nebraska’s tax system and how it could be restructured to benefit Nebraskans. LIBA and our 1,200 members feel four steps should be taken to make Nebraska’s tax system more equitable and balanced. These steps include reducing the corporate income tax, reducing the personal income tax, …