Lawmakers looking at $62.6 million projected shortfall
Nebraska lawmakers will be looking at a projected revenue shortfall of $62.6 million when they convene in January and start working on a new, two year state budget.
Senators discuss whether Nebraska’s tax incentives approved in recent years are measuring up
Senators discuss whether Nebraska's tax incentives approved in recent years are measuring up State senators ask frequently if the tax incentives approved in recent years are measuring up. While the Department of [...]
Nebraska finishes year above revenue forecast, but growth still sluggish
Nebraska finishes year above revenue forecast, but growth still sluggish The state of Nebraska's Net General Fund receipts for fiscal year 2013-2014 were $4.117 billion -- which is 2.4% above the certified [...]
The Fiscal Times says state tax cuts are not creating jobs
The Fiscal Times says state tax cuts are not creating jobs "In fact, there’s not a lot of academic consensus about the real impact of tax rates on job creation. While the [...]
More on the problems caused by the massive tax cuts promoted in 2012 by Kansas Gov. Brownback
More on the problems caused by the massive tax cuts promoted in 2012 by Kansas Gov. Brownback "After the cuts became law, it was undisputed that Kansas's revenue collections would fall. But [...]
Dr. McGuire: Research shows no conclusive link between taxes, economic growth
Academic research shows no conclusive link between a state’s taxes and its economic growth, Northwestern University tax expert Therese McGuire told those in attendance at a Wednesday presentation sponsored by OpenSky Policy Institute.
Notes and audio from Performance Audit Committee incentive hearing
Robert Zahradnik, a business incentives expert from the Pew Charitable Trusts, told members of the Legislature’s Performance Audit Committee on Friday that Nebraska is a leader in “upfront accountability” regarding business subsidies but like other states, we struggle to know if our incentives are worth what we spend on them.
Memo for Sen. Davis regarding Estimated Potential Revenue from Intangibles Tax
OpenSky prepared this memo on potential revenue from intangibles tax at the request of Sen. Al Davis.
“Real Taxpayers of Nebraska” and cutting the top income tax rate
Find out how would cutting the top income tax rate to 5.75 percent affect our "Real Taxpayers of Nebraska."
“Real Taxpayers of Nebraska” and increasing the property tax credit
In this “Real Taxpayers of Nebraska” infographic, we examine what would happen should the state bolster its Property Tax Credit by $154 million, which is close to the amount of revenue the state would gain under the sales tax base expansion we examined earlier in this series.