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Following the news that, as a result of Nebraska’s Tax Equity and Educational Opportunities Support Act (TEEOSA) formula, $30 million was overpaid to Omaha Public Schools, Senator Dave Murman, Chair of the Nebraska Legislature’s Education Committee, issued the following statement: “The TEEOSA formula was first adopted nearly 35 years ago. In 1990, 258 out of 278 of Nebraska’s school districts received equalization aidabout 93 percent. Thirty-five years later, only 50 of our 245 school districts receive equalization aid- just 20 percent. In short, as property values have skyrocketed, so have property taxes, with state funding seeing a decrease at like amount.