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 …