Nebraska Budget Woes: Revenue Slump Means More Tightening Ahead

Nebraska budget woes: Revenue slump means more tightening ahead

Nebraska lawmakers are grappling with a projected $95 million revenue shortfall, with differing opinions on the impact of recent tax cuts and the state's financial future.

Nebraska faces $95 million budget shortfall that could worsen later this year

Less than two months after Nebraska lawmakers scrounged to close a $396 million shortfall over the state's two-year budget cycle that began this month, the state faces another budget deficit — one that could worsen again later this year.

Nebraska is back in a projected deficit of $95 million due to lower tax revenues

The Nebraska State Capitol. (Aaron Sanderford/Nebraska Examiner)LINCOLN — It’s official. Nebraska is back into a projected deficit of about $95 million after tax revenues for the year came in below forecasts.  Legislative Fiscal Analyst Keisha Patent confirmed the situation Thursday at a meeting of the Tax Rate Review Committee. There, she provided state lawmakers with a new financial status report, giving them their first budget update since th…

Nebraska Faces Deficit As Projected Revenues Fall Short

LINCOLN, Neb. — It’s official. Nebraska is back into a projected deficit of about $95 million after tax revenues for the year came in below forecasts.