Nebraska’s budget funds for services at the core of the Good Life. In fact, more than 90 percent of the state’s general fund budget goes to fund education, health and human services and public safety. As such, the budget decisions our policymakers have serious implications for all Nebraskans.
The cost of high-profile K-12 finance and tax packages introduced this week would entirely consume the projected $1.9 billion that lawmakers have to enact new legislation in the current two-year budget cycle and then [...]
Flat income tax rates – such as the one passed in 2022 in Iowa – are proposed to lower taxes, particularly for the wealthy, an analyst from the Urban-Brookings Tax Policy Center [...]
There is talk of transforming Nebraska’s K-12 education funding into a system that provides aid to schools on a per-student basis. Assuming the $1.07 billion in state school aid – including the [...]
Large tax breaks to the wealthy and out-of-state corporations have been amended into a bill to cut Social Security taxes and is currently being debated by the Legislature. The bill – LB 825 as amended [...]
LB 939 was pulled from the second-round of Legislative debate on Tuesday but most of its tax-cut provisions have been moved into LB 919 under AM 2513. This bill could be up for first-round debate in [...]
LB 939 – a bill to cut corporate and personal income taxes – is on Tuesday’s Legislative agenda and also will be the focus of a Monday briefing with Senator John Cavanaugh and co-sponsored by [...]
Direct payments to Nebraskans – as proposed in AM 2414 to LB 939 – would be a more direct way to help Nebraskans – and particularly low- and middle-income residents – than [...]
The Legislature is conducting first-round debate on the Appropriations Committee mid-biennium budget proposal today. The budget proposal maintains funding for K-12 education and a healthy cash reserve while increasing salaries for state employees and [...]
Nebraska legislators and legislative committees have designated their priority bills for the session. Priority bills are placed ahead of non-priority bills on the legislative debate schedule, so receiving a priority designation increases [...]
The Nebraska Economic Forecasting Advisory Board will update its state revenue projections today. The board’s actions are likely to have a major impact on the remainder of the legislative session as legislators [...]