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.
LB 952, a bill that would compel Nebraska to participate in a new federal Summer Electronic Benefit Transfer (EBT) program, will be discussed in today’s Health and Human Services Committee hearing. So [...]
Three bills linked to the governor’s proposal to reduce property taxes paid to fund services provided by cities, counties and school districts will be discussed in today’s Revenue Committee hearing. LB 1241 [...]
1 in 5 Today is National EITC Awareness Day, a chance to remind eligible workers of the Earned Income Tax Credit. The IRS has found that 1 in 5 eligible people do [...]
After Congress expanded the federal Child Tax Credit (CTC) in 2021, child poverty in the U.S. dropped to an all-time low of 5.2%. When the pandemic-era expansion ended, child poverty rebounded to [...]
The American Rescue Plan Act (ARPA) passed by Congress in 2021 provided Nebraska and other states with a historic influx of federal funding to help in the response to economic and public [...]
80,000 Roughly 80,000 children in Nebraska families with low incomes would benefit from the proposed expansion of the federal Child Tax Credit. If approved, a married couple – with one parent earning [...]
As proposals emerge to meet the Governor’s goal of a 40% decrease in revenue generated from property taxes, let’s be clear that sales taxes are the most regressive tax category. In the [...]
https://youtu.be/PnNaR7m7JYU As we await formal proposals in the fledgling Legislative session, OpenSky shared an overview of the state’s fiscal picture with participants in a virtual briefing on Wednesday. Nebraska is [...]
Nebraska’s tax system is upside-down, with affluent Nebraskans paying less than their fair share of household income in taxes relative to low- and middle-income families. Last year’s personal and corporate income tax [...]
155 Nebraska lawmakers introduced 155 measures in the first two days of the legislative session. Bill introduction continues through January 17 (Day 10). Among the bills introduced on Thursday was a proposal [...]