LINCOLN, Neb.--  IN A FEW MONTHS Nebraskans COULD GET AN IDEA OF WHAT FUTURE OF SCHOOL FUNDING LOOKS LIKE. 

The Nebraska SCHOOL FINANCING REVIEW COMMISSION IS EXPECTED TO RELEASE THEIR FIRST REPORT ON FUNDING PUBLIC SCHOOLS IN Nebraska THIS December.

The COMMISSION WAS FORMED BY THE LEGISLATURE TO COME UP WITH A PLAN TO FIX Nebraska's SCHOOL FUNDING FORMULA...WHILE CONTINUING TO EASE THE BURDEN ON PROPERTY TAX PAYERS.

The Nebraska STATE EDUCATION ASSOCIATION SAYS THEY'LL BE CLOSELY WATCHING THE RESULTS OF THE FIRST REPORT...HOPING IT MEANS MORE MONEY FROM THE STATE BEING ALLOCATED TO Nebraska SCHOOLS.

"No voter, no resident should have to choose between reasonable property taxes and high quality schools. We feel that both should be able to happen but there needs to be a recalibration in order for it to happen," President of the Nebraska state education association Tim Royers said. 

OVER $1.03 BILLION IS BEING ALLOCATED TO PUBLIC SCHOOLS OUT OF THE STATE GENERAL FUND THIS FISCAL year.

that's AN INCREASE OF ABOUT TWO-POINT-SIX PERCENT.

But Royers SAYS THE CURRENT SCHOOL FUNDING MECHANISM, KNOWN AS TEEOSA, PREVENTS SOME SCHOOLS FROM SEEING THE FULL BENEFIT.

he POINTED TO A RECENT EXAMPLE IN THE millard public school district WHICH SAW A REDUCTION IN STATE AID THE YEAR AFTER REDUCING THEIR PROPERTY TAX LEVY BY 11 cents. 

royers SAYS THAT'S AN EXAMPLE OF THE CURRENT FORMULA PUNISHING SCHOOL DISTRICTS THAT TRY TO DO RIGHT BY THEIR TAX PAYERS.

"I think until we start fixing those kinds of structural problems with the school funding formula, that's another reason why we're going to be having the same conversation because even if we put 5% more funding into teeosa, if the formula doesn't actually account for what our local communities are invested in we're not going to adequately fix this issue," Royers said. 

THE REVIEW COMMISSION'S REPORT COMES OUT IN ABOUT SIX WEEKS DESPITE THE FACT THAT THE COMMISSION HASN'T COMPLETELY BEEN FILLED YET.

THE LAW REQUIRES ONE OF THE COMMISSION MEMBERS TO BE A CURRENT PUBLIC SCHOOL TEACHER. BUT ROYERS SAYS DESPITE MULTIPLE TEACHERS APPLYING FOR THE POSITION...THE GOVERNOR'S OFFICE HAS YET TO PICK SOMEONE TO FILL THE 18TH AND FINAL SEAT.