Here’s the math for the online gambling initiative in Nebraska, as per State Treasurer Joey Spellerberg:
Proposed property tax relief: $166 million over 10 years. That’s $16 million per year.
Nebraska collected $5.6 billion in property taxes in 2025.
The proposed property tax relief equals three-tenths of 1%.
Nebraskans would have to bet and lose over $800 million over 10 years for the projection to materialize.
I wonder how that stacks up with other states that have legalized online sports betting?
Nebraska has a ballot initiative on sports betting.
Proponents tell us about property tax relief. IMO, the impact is minimal and a forecast.
All you have to do is follow the money. If you’re ok with it, go for it. If not, vote no
Property tax relief isn’t the reason.
Here’s a podcast from 2024 that is enlightening if you’re interested.
https://t.co/mfI6f3hnBL
@AlecIbach The result? Local tax bases are forced to pick up the tab. If you’re a landowner in a rural school district…it’s a large part of your expenses. Find a way to spread those expenses out to equalize the cost. Taxing food is one of my thoughts. Everyone eats. Everyone pays.
@AlecIbach Para’s were not part of the mix until “No Child Left Behind” was enacted. Yes, I agree with the concept. Uncle Sam pays for some, but the local community is left with paying for the rest. There are lots of pieces to this puzzle. The solution isn’t simple or easy.
@AlecIbach To much administration and staff is part of the problem. In general, student population is shrinking, and yet administrative staff positions are as high as ever. Those are high dollar jobs. Are they really necessary? Assistant Principals and etc
This is the last painting my grandma made in 1973. Her mind was starting to drift towards dementia. She painted many things. Landscapes, flowers, still life’s, china, and even a pastel. I really enjoy this picture. It’s fitting for this time of year. Titled “The Good Old Days”