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  • Property taxes are out of control and are literally forcing people to sell their homes, farms and ranches.
  • Yet the governor’s solution is to give the business his family started a $13 million dollar tax cut…while the average homeowner gets a tax credit of $25 bucks – and our farmers and ranchers just a token more.
  • The governor is funding this by depleting our rainy day fund – our savings account. Under the governor’s watch, the rainy day fund is down to less than $300 million, enough to run the government for about 24 days.
  • Property taxes have increased in Dakota County by 42.59% over the past decade.
  • Property taxes for each class of property in Dakota County have increased over the past decade by the following: 170.41% for Agricultural, 18.07% for Residential and 8.73% for Commercial.
  • Median Household Income has only grown by 25.10% during this same time period.
  • The increase in property taxes is, on average, an increase of $1,277.30 per household.
  • Pete Ricketts claims to have provided significant property tax relief already – but the property tax credits enacted during his term only gave the average Nebraska homeowner an additional credit of about $25 this year.
  • Less than one percent of state aid (0.73%) provided for property tax relief during Ricketts' term has been returned to the residents of Dakota County.
  • These property tax increases can be directly tied to inadequate levels of K-12 education funding. South Sioux City Public Schools have seen a $749,522 decrease in state aid to education funding during the past four years of Pete Ricketts' term.
  • One of the main components of school finance is the allocated income tax. This is the amount of income tax paid to the state that is returned to local school districts. The stated goal is to make sure that 20% of income taxes paid are returned to the local school district. Right now, the amount returned is less than 3%. 
  • Statewide, if we went back to where 20% of income taxes paid were returned to the local school districts, there would have been an additional $327 million in school funding available this year.
  • For South Sioux City Public Schools, a return to 20% would result in an increase in state funding for the district by as much as $1.17 million per year. This is revenue that would directly reduce pressure on local property taxpayers.