Slides from this week's OpenSky budget briefings can be downloaded here and videos from the briefings can be viewed on our Facebook page.
Areas of Research
See how LB 461's tax changes would affect our Real Taxpayers of Nebraska.
LB 461, the tax-cut package put forth by the Revenue Committee, is first and foremost an income tax cut for wealthy Nebraskans and the proposal does little to truly address property tax relief.
LB 373 provides an opportunity to examine revenue reductions passed by prior Legislatures in the same way lawmakers review appropriations through the biennial budget process.
Read an overview of priority bills that relate to OpenSky's work and about the positions we have taken on the measures.
LB 452 and LB 380 would provide large income tax cuts to wealthy Nebraskans and do little-to-nothing for the middle-class or small businesses
Under LB 337, a Nebraskan in the top 1 percent of incomes would would receive an average tax cut of about $5,810 a year; a middle-income earner would receive about $39 annually on average; and the lowest-earning taxpayer would, on average, receive no tax cut.
Recent reports on national fiscal trends show that Nebraska’s current budget shortfall might be part of a larger structural trend that could be further exacerbated by potential changes at the federal level.
Review of tax changes could help lawmakers ensure state resources are used in the best way possible as well as avoid major budget issues.
Read the first of our three policy briefs related to our current budget shortfall.