- Associated Press - Wednesday, January 21, 2015

LINCOLN, Neb. (AP) - Nebraska Gov. Pete Ricketts will call for an additional $60 million a year to lower property taxes in his first State of the State address to lawmakers.

The proposal is part of the governor’s budget recommendations that will be released after his speech on Thursday at 10 a.m. Central Time. Ricketts has said reducing property taxes is his top priority this year.

The proposal would boost Nebraska’s property tax credit fund to $400 million over two years. The state money would help offset what Nebraskans have to pay in local taxes on their property, including homes, farms, ranches and company buildings.

Ricketts says Nebraska has been ranked behind New York state and California in its overall tax burden on citizens. He will also propose other tax relief measures.

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