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NE LB498
Bill
Status
1/21/2025
Primary Sponsor
Dave Murman
Click for details
AI Summary
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Amends the Tax Equity and Educational Opportunities Support Act to change certification deadline dates from June 15, 2023 to June 15, 2025 for initial state aid distribution determinations, with March 1 deadlines continuing for subsequent years
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Maintains foundation aid at $1,500 per formula student for school fiscal years 2023-24 and 2024-25, with annual Consumer Price Index adjustments beginning in 2025-26
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Reduces the percentage of foundation aid counted as a formula resource from 100% to 60% starting in school fiscal year 2025-26
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Voids any state aid, budget authority, or allowable reserve percentage certifications completed prior to the effective date for school fiscal year 2025-26
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Declares an emergency, making the act effective immediately upon passage and approval
Legislative Description
Change provisions relating to foundation aid and certification dates under the Tax Equity and Educational Opportunities Support Act
Last Action
Title printed. Carryover bill
1/7/2026