Proposed state fund would provide school districts extra aid

The proposed New School Relief Fund would provide additional foundation aid to school districts. All Nebraska school districts would be included in the statewide student count used to divide the aid. Aid per student would equal the money available in the fund divided by the number of formula students statewide. Beginning in fiscal year 2027-28, the state would transfer $838 million to the fund by September 1, 2027, and by September 1 each year afterward.

The proposed text sets maximum property tax rates for school districts and multiple-district school systems. The rate limits apply to Nebraska school districts and multiple-district school systems. The text retains exceptions, including certain costs and federal aid districts. Other law also allows a voter-approved override. The schedule sets the 85-cent limit for fiscal year 2027-28 and the 60-cent limit for fiscal year 2028-29 and each year after.

The proposed text treats service receipts as taxable unless a specific exemption applies. The rules cover paid services provided in Nebraska, including listed repair, cleaning, animal specialty, and detective services. Listed exemptions include health services and specific services tied to farming, schools, and other activities. The act states that it would become operative on January 1, 2027.