€ € One Hundred Ninth Legislature - First Session - 2025 Introducer€s Statement of Intent LB389 € Chairperson: Senator R. Brad von Gillern Committee: Revenue Date of Hearing: € The following constitutes the reasons for this bill and the purposes which are sought to be accomplished thereby: LB 389 eliminates the property tax levy authority of education service units in 2028. Beginning in 2029, state funds shall be distributed to offset the lost levy funds increased by 3.5% each year.€ € Principal Introducer:________________________________ Senator Dave Murman - 1 -