Nebraska Lawmakers Propose $130 Million Transfer From Cash Reserve to Help Close Budget Gap

Nebraska lawmakers propose $130 million transfer from cash reserve to help close budget gap

LINCOLN — After new economic forecasts grew Nebraska’s projected budget deficit by roughly $175 million, lawmakers turned to the state’s rainy day fund to help fill the gap. The Legislature’s Appropriations Committee voted 8-0 Friday to recommend pulling $130 million…

Nebraska lawmakers propose transferring $130 million from cash reserve to help close budget gap

Nebraska lawmakers on Friday proposed a new budget plan in an attempt to help close the state's budget gap.The Nebraska Examiner reports lawmakers approved a proposal to transfer $130 million from the state's cash reserve. They also approved small last-minute cuts.This comes as the state forecasting board has decreased projected revenue receipts for the upcoming fiscal year. Nebraska senators have until March 25 to get a balanced budget proposal…

Nebraska’s budget crisis worsens; deficit grows $175M to $646M

Nebraska's budget deficit grew to $646 million after state forecasters projected $175 million less in tax revenue over the next two fiscal years.

Nebraska’s budget deficit to grow by roughly $175M after new economic forecast

The Ten Commandments on the Nebraska State Capitol. April 17, 2025. (Juan Salinas II/Nebraska Examiner)LINCOLN — A new economic forecast effectively doubled the size of Nebraska’s projected deficit from what state lawmakers had reduced it to so far this legislative session. Lawmakers entered the session aiming to fix a $471 million budget deficit, based on October projections from Nebraska’s Economic Forecasting Advisory Board. Budget cuts made …

Neb. Budget Deficit To Grow By Roughly $175 Million

LINCOLN, Neb. — A new economic forecast effectively doubled the size of Nebraska’s projected deficit from what state lawmakers had reduced it to so far this legislative session.