Change, add, and eliminate certain calculations and provisions under the Tax Equity and Educational Opportunities Support Act, state intent regarding transfers to the Education Future Fund, and change provisions relating to property tax levies for school districts

LB 9 modifies how Nebraska school districts can raise money through property taxes by adjusting specific limits and calculation rules. The bill establishes a schedule where the maximum amount schools can levy decreases over time, starting at 1.5 cents per dollar of property value in 2024-25 and dropping to 25 cents per dollar by 2033-34. It also creates exceptions that allow districts to collect additional funds for specific purposes, such as paying teachers who voluntarily leave their jobs and financing certain building projects. Furthermore, the legislation clarifies how districts with significant federal funding can exceed standard tax limits to qualify for those funds and outlines rules for special funds used for early childhood education and facility leases.