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Ricketts urges Nebraskans to file for tax credit, support water projects
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RICKETTS URGES NEBRASKANS TO FILE FOR TAX CREDIT, SUPPORT WATER PROJECTS

 * Kay Bakkehaug
 * Sep 22, 2022
 * Sep 22, 2022
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Biden pushes bill targeting dark money in politics




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Declaring that "dark money erodes public trust," President Joe Biden called on
Congress to support an election transparency bill now before the Senate that
would require Super PACS and other groups spending money in elections to
disclose donors who give at least $10,000 during an election cycle. The
legislation, called the Disclose Act, would also ban domestic corporations with
significant foreign control from spending money in U.S. elections. Speaking from
the White House Roosevelt Room, Biden urged Senators to support the bill,
warning, "there's much too much money that flows in the shadows to influence our
elections," including foreign money. "Dark money has become so common in our
politics. I believe sunlight is the best disinfectant," he added. The House has
already passed the legislation and a Senate vote is expected this week. But
Republicans have threatened to block the measure from passing. "And I
acknowledge, it's an issue for both parties, but here's the key difference.
Democrats in the Congress support more openness and accountability. Republicans
in Congress so far don't. So far don't. I hope they'll come around," Biden said.

Gov. Pete Ricketts made stops in Alliance and Ogallala on Tuesday, Sept. 20, for
town hall meetings to discuss property taxes, plans for expanding broadband
internet access and current and future projects that he says will protect and
strengthen Nebraska’s water resources.

“High taxes are like weeds, they choke out growth,” Ricketts said. “The No. 1
issue that people talk about when I started running for governor nine years ago
was property taxes.”

Ricketts discussed how the state can fund new projects and provide some tax
relief to Nebraskans. He also urged property owners to apply for Nebraska’s
income tax credit based on their school property taxes if they didn’t last year.



“Just like a family has to manage their budget or a company has to manage their
books, you’ve got to be able to keep revenue and budgets in line, and we’ve done
that,” he said. “At the state, we’ve kept the growth of that budget to 2.8% per
year on average.”


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Gov. Pete Ricketts points to the empty South Platte River near Roscoe as he
speaks about water issues during a town hall in Alliance Tuesday.

Kay Bakkehaug

Ricketts touted the state as having a “more balanced approach” during the
COVID-19 pandemic that set Nebraska up for strong economic growth. He also
pointed to the state’s unemployment rate, which is the third lowest in the
country.



According to Ricketts, the state ended its fiscal year with revenues coming in
$1.47 billion ahead of forecast. Since he took office, he said, the state’s
reserve fund has grown from $400 million to nearly $1.7 billion, “the most we’ve
ever had in our state system.”



“If you think about it, high taxes makes it hard to buy a home, makes it hard
for young farmers and ranchers to get into agriculture and, in general, it makes
it harder for the folks in agriculture to even benefit. If our farmers and
ranchers are paying two and three times higher taxes than their colleagues are
in Kansas, South Dakota or even Iowa, then that puts them at a competitive
disadvantage.”



The state has been working to bring property taxes down through three
state-level tax credits — one a direct discount on gross property tax bills, the
others income tax credits based on K-12 and now community college property
taxes.

LB 1107 created a refundable income tax credit that allows Nebraskans to get a
rebate for property taxes paid to school districts. The first year, Ricketts
said, taxpayers received a 6% rebate. Last year, he said, taxpayers received a
25.3% rebate.





“This year, we announced that you’ll get 30% back in whatever you pay into your
local property taxes. In addition to that, we’re running a new credit for
community colleges. So, you’ll get 30% back in whatever you are paying toward
your community college.

A crowd of nearly 30 gathered at the Knight Museum and Sandhills Center in
Alliance to listen to a town hall discussion lead by Neb. Gov. Pete Ricketts
concerning property taxes, broadband internet and projects to protect water
resources.

Kay Bakkehaug

“What we have noticed is that not everybody is filling out those credits when
you’re filling out your state income taxes. Maybe because you didn’t know about
it or your tax preparer didn’t know about it. My first message here today is
that if you have not filled out your refundable income taxes on your state
income tax form, please do so. If you have, please tell your friends, neighbors
and co-workers.”



He said people can file retroactively to receive the property tax credit.



Ricketts also spoke about broadband, which he called “basic infrastructure”
today.

“No matter the distance Nebraskans live from a city, they should have access to
the digital tools they need to live, learn and do business,” Ricketts said,
saying that a 2018 evaluation showed significant gaps in basic broadband access
in areas of the state.




Gov. Pete Ricketts during the town hall meeting at the Knight Museum and
Sandhills Center in Alliance. 

Kay Bakkehaug

“We started working on what we could do to bridge that gap,” he said. “This is
like rural electrification or rural telephone back in the 1930s — we have to
have it. It’s a basic part of what we do as far as our society. So the state has
to help make sure that we can get every Nebraska household connected.”

In 2020, the state used $30 million of federal CARES Act pandemic relief funds
to connect 17,600 households across Nebraska. In 2021, the Legislature passed
the Rural Broadband Bridge Act was passed and dedicated $40 million to connect
30,000 more households.




“Specifically, here in Box Butte County, Mobius (Communications) has gotten
about $1 million from that grant funding to be able to connect some of those
households and I think they have about $2.3 million pending in grant
applications,” Ricketts said.

Ricketts also highlighted water issues, noting the state’s heavy dependence on
agriculture. One in four jobs in the state is tied to agriculture, he said.

“We are also the largest irrigated state with 9 million acres. Three of every
eight of our farmland acres is irrigated. So we are heavily dependent on making
sure that we use our water effectively, and we have done a great job on that
here in Nebraska.”



Nebraska’s position on the largest underground aquifer in the world — the
Ogallala Aquifer — is important. He said Nebraska has done a good job of
managing the aquifer, saying that its levels are within 1 foot of those in the
1950s. However, Ricketts argued that Colorado “basically mines” its aquifer and
that it is 15 feet down from 1950s levels.




Ricketts pointed to the Perkins County Canal project, which he said is among
projects designed to “conserve our water and manage it in a way that we’ll have
it for future generations.”

The project dates back to a canal that was begun over 100 years ago to take
water from the South Platte River in Colorado and connect it to Nebraska’s
reservoir system. “One hundred years ago there was a lot of fighting over that
water in the South Platte, so Nebraska and Colorado signed a compact in 1923
that was approved up by the Colorado Legislature, our Legislature and the U.S.
Congress.”

The 1923 agreement states that Nebraska is entitled to 120 cubic feet per second
from Colorado’s portion of the South Platte River from April 1 to Oct. 15 during
the irrigation season. In addition, if Nebraska builds a canal, the state is
entitled to 500 cfs during the non-irrigation season.




“The state of Nebraska has never taken that opportunity to build a canal,” he
said. “We actually have eminent domain and authority to build that canal in
Colorado, but we’ve never done it, until now.”

Citing Colorado action to study its water needs, its growth and purchasing of
water rights, Ricketts said efforts by Colorado could limit the flow of water
from the South Platte River by as much as 90%.

“That’s Colorado’s intention,” he said. “In HB16-1256, they clearly say that
they are going to give us no more water than is legally required and their legal
requirement right now is just the 120 cubic feet per second.”

Ricketts has asked the Nebraska Legislature for $500 million to build a new
canal.

“The Legislature has given us $53.5 million to be able to start working on
design work, getting options on land in Colorado, and also starting the
permitting process. This is a long-term project that will take about 10 years to
build, but it’s the only way that we can ensure that Colorado will give us the
land that we are entitled. We have to build a reservoir so when they deliver
that 500 cubic feet per second during the off season, we can manage it so on
years like this year, where it is abnormally dry across the state, we would be
able to let it out of this reservoir at our time.”



Ricketts pointed to a current picture of dry beds of the South Platte River near
Roscoe as evidence that Colorado is not meeting its obligation for releasing
water to Nebraska.

If the South Platte River does not have any water, then the state is more
reliant on the North Platte River, he said, which means that everybody in the
Panhandle gets cut back.

Ricketts said, “We have the money to pay for this, we know Colorado is trying to
take the water and we have a drought — so all of these things are coming
together at the right time to say, ‘This is the right time and we have to deal
with this.’”



TAGS

 * Pete Ricketts
 * Finance
 * Economics
 * Hydrography
 * Revenue
 * Bank
 * South Platte River
 * Nebraska
 * State
 * Tax Credit
 * Canal
 * Property Tax
 * Tax Relief
 * Colorado
 * Income Tax
 * Commerce






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Gov. Pete Ricketts points to the empty South Platte River near Roscoe as he
speaks about water issues during a town hall in Alliance Tuesday.

 * Kay Bakkehaug

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A crowd of nearly 30 gathered at the Knight Museum and Sandhills Center in
Alliance to listen to a town hall discussion lead by Neb. Gov. Pete Ricketts
concerning property taxes, broadband internet and projects to protect water
resources.

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Gov. Pete Ricketts during the town hall meeting at the Knight Museum and
Sandhills Center in Alliance. 

 * Kay Bakkehaug

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