OpenSky Policy Institute seeks to hire a Policy and Outreach Coordinator to help coordinate our policy and outreach work. The successful candidate’s primary responsibilities will be to help monitor legislation, write testimony, coordinate [...]
Due to the COVID-19 pandemic, our annual Fall Policy Symposium, which was scheduled for Wednesday, Sept. 9, will not be held this year. In place of the symposium, we are working on [...]
Department of Revenue officials will present at a joint hearing of the Legislature’s Appropriations and Revenue committees this afternoon to discuss a report on the state’s business incentive programs. The report, which [...]
OpenSky is hiring a policy analyst to help lead our work on food security issues and make contributions to our broader work on state budget and tax policy.
Nebraska lawmakers this morning will debate on LB 1074, which includes an amendment to detach -- or “decouple” -- from tax changes made in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The forecasting board’s revised estimate for the current fiscal year ended up $145 million higher than the average projection made by the national forecasting experts and incorporates a one-time income tax bump [...]
The forecasting board’s revised estimate for the current fiscal year should be met with an abundance of caution. The forecast was $145 million higher than the average projection made by the national forecasting experts.
OpenSky's quick observations of the 2019 tax incentive report note large revenue reductions, LB 775's long tail and incentives for jobs with below-average wages.
Decoupling from changes to federal tax law set out in the recently-passed CARES Act would give the state time to assess whether the middle of a pandemic and record-breaking economic downturn is the right time for $250 million in tax cuts. That was the recommendation of Adam Thimmesch, a tax professor at the University of Nebraska’s law school, speaking on a recent OpenSky webinar.
Unless Nebraska decouples from tax changes contained in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the state will effectively enact a large business tax cut in the midst of a pandemic, a new analysis from OpenSky Policy Institute shows.