Tax Relief needed in Nebraska

http://www.starherald.com/opinion/opinion-property-taxes/article_55314028-9f64-11e3-a0e3-0019bb2963f4.html

Currently in Nebraska, property owners are ready for a tax relief and it's up to the lawmakers to see that this is done. The State cash reserves are predicted to be $726 million this year, which means it's time for tax relief. Since most citizens of Nebraska have complained at meetings about property taxes and they fund most of the local governments, the legislature gave them some options for bringing it down. It can help schools which will lower local taxes. It can reduce land valuation or it can put money into the Property tax credit fund. The article discusses some of these options. The money wouldn't help the rural school districts, because of the distribution formula that helps mostly urban area schools. The idea to lower the valuation of land would require the moving of property taxes to homes and businesses and there wouldn't be the same tax relief to farmers. Recently the funding of tax credit hasn't been able to keep up with the rising land prices. 

I found this article surprisingly intriguing. I thought it was interesting how the legislature was trying to decide what to do with the money. I personally would want the money to go to the schools, but I can see how it would only affect the urban schools and the rural area schools wouldn't get anything. I see the other options as just causing more taxes for the other tax bases. I think the state should focus on other tax cuts instead of property tax relief. Sales tax cuts might be a good idea, but the state would have to give up most of it's revenue. Income tax is another possibility but it'd be more beneficial to high income taxpayers. So in my eyes there really isn't a perfect solution. I guess the citizens of Nebraska will have to wait and see what happens.