LINCOLN, Neb. (KOLN) — Nebraska’s school funding formula — the Tax Equity and Educational Opportunities Support Act — has provided for K-12 education since its implementation in 1990.

TEEOSA sets funding for the state’s more than 200 school districts by subtracting the student cost — the need — from resources — like potential property tax collections.

That setup creates a continual push-pull between reliance on local taxpayers and the state’s finances.

The Nebraska School Financing Review Commission held their inaugural meeting Tuesday to begin reviewing and making recommendations to the Unicameral about the state’s funding formula.

Seward Senator Jana Hughes, who introduced LB 303 which created the commission, agreed with chair Dr. Bryan Maher that it’s time to “reengage on the to

See Full Page