Change provisions relating to the calculation of property tax request authority under the Property Tax Growth Limitation Act

LB 1154 changes how Nebraska local governments (like cities and counties) calculate their annual property tax request limits under the Property Tax Growth Limitation Act. It replaces the existing formula with two new components: tax increases can now be based on a political subdivision's growth percentage and the inflation rate (if positive). This adjustment allows local governments to increase property tax requests in line with population growth and inflation, rather than using the previous calculation method. The bill directly affects all political subdivisions that set annual property tax rates.