PREPARED BY: Clinton Verner
LB 67 DATE PREPARED: July 29, 2024
PHONE: 402-471-0056
Revision: 00
FISCAL NOTE
LEGISLATIVE FISCAL ANALYST ESTIMATE
ESTIMATE OF FISCAL IMPACT – STATE AGENCIES (See narrative for political subdivision estimates)
FY 2024-25 FY 2025-26
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS $95,177,850
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS $95,177,850
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB67 would, beginning in FY2025-26, end the property tax levy for Natural Resource Districts (NRDs) with exceptions for failure of the
state to provide aid as presc ribed in LB67 or if approved by a majority vote of the board of directors of the Natural Resources District.
The amount distributed is to be equal to the amount of property taxes levied by NRDs in FY2024-25 plus 3.5%, with the distribution
increasing by 3.5% each year thereafter.
In FY2023 -24, the most recent year for NRD budget data, the total property tax request for NRDs was $88,8 49,541 with unused budget
authority being $19,430,530. Without information for the baseline year in LB67 our office has had to compile estimates based on the
FY23-24 total property tax requests for NRDs.
FY23-24 FY2024-25 FY25-26 FY26-27
Total property tax request88,849,541.27$ 91,959,275.21$ 95,177,849.85$ 98,509,074.59$