Nebraska’s latest “tax-cutting spree” will result in the some of the deepest reductions in revenue in the nation, threatening state services, according to a Washington, D.C.-based think tank.
The report from the Center on Budget and Policy Priorities, cited by the Lincoln-based OpenSky Policy Center, said recent tax cuts enacted by Nebraska lawmakers will reduce state revenues by $3.1 billion over the next five years — a 7.6% decline in general fund revenue.