A core function of OpenSky Policy Institute is to provide reliable data, information, and solutions regarding revenue proposals and existing policies in an effort to put the state on a sustainable long-term growth path that balances the needs of its citizens with the capacity of the revenue structure.
After forwarding a package of property tax breaks to a final round of consideration on Thursday morning, the Nebraska Legislature moved on to discussion of income tax cuts. Under LB 754, the [...]
The Legislature on Wednesday and Thursday will consider property tax breaks and corresponding income tax cuts that together would restrict the revenue that’s available to fund important programs that all Nebraskans rely on [...]
The state Legislature has a record budget surplus to work with this year, and bills being debated this week reflect opportunities to invest in Nebraska’s schools and other services that all Nebraskans [...]
18 As part of the formula to calculate basic funding in TEEOSA, a school takes all of its expenses and then subtracts 18 categories of special allowances. These are items like transportation [...]
It’s often said in policy circles that a state’s budget is its moral document. With debate set to begin on Nebraska’s budget on Wednesday, there are several things OpenSky will be watching [...]
In an OpenSky Policy Institute webinar on Monday, two members of the Appropriations Committee said the proposed budget for the next two fiscal years was crafted with a goal of making sure [...]
Ahead of floor debate on the state’s budget package later this week, two members of the Appropriations Committee shared highlights of the budget bills and insight on how the proposal came together. [...]
A panel of Nebraska business leaders and economists believe the state will finish the current fiscal year with $80 million less than expected but agreed to raise prior forecasts for tax receipts [...]
A paramount task for the Nebraska Legislature in the current session is to pass a balanced budget, a blueprint for spending in the upcoming biennium that matches up with the money expected [...]
Using “tax day” as a backdrop, Gov. Jim Pillen joined some key state senators and two tax groups Tuesday in touting legislative proposals that aim to reduce Nebraska’s top income tax rate [...]