Another legislative session is in the books
The Legislature wrapped up its 60-day session last week, but Senators are likely to be back in Lincoln for a special session later this year focused on property taxes paid to fund [...]
OpenSkyLIGHTS: Focus on Nebraska fiscal policy (4/12/24)
$363 million Assuming all remaining bills are passed on final reading and no vetoes, the state is projected to end FY 25 with $363 million in general funds above the state’s minimum [...]
OpenSkyLIGHTS: Focus on Nebraska fiscal policy (4/5/24)
17% From 2020 to 2022, the number of licensed child care facilities in Nebraska dropped by 17%, a decline that contributes to ongoing economic, educational and workforce challenges. The annual Kids [...]
A tax shift, not a new investment in students
The package of bills designed to lower property taxes paid to fund local government services is a complicated equation, but what does it add up to for Nebraska’s students? The proposal included [...]
How the tax package impacts Nebraskans
The proposal to lower property taxes paid to fund local government services will reduce property taxes paid by property owners, but it’s important to understand how the package that raises the state [...]
VIDEO: Why proposed tax shift is wrong for Nebraska
https://youtu.be/NgHmxFF7dXo The tax package designed to lower property taxes paid to local political subdivisions would increase the tax burden on low- and middle-income working families and make it increasingly difficult [...]
VIDEO: What’s inside the state budget adjustments?
https://youtu.be/Kv_4YUgFjpM The budget package advanced to the final round of consideration is marked by notable mid-biennium adjustments, including a sizable sweep of cash funds to the state’s general fund – [...]
OpenSkyLIGHTS: Focus on Nebraska fiscal policy (3/15/24)
22% New analysis by The Tax Foundation largely mirrors analysis by OpenSky that the ballot initiative to eliminate income, property and inheritance taxes in Nebraska would require a statewide consumption tax rate [...]
Three things to know about budget proposal
A budget package forwarded by the Appropriations Committee leaves $575 million in the state’s general fund by the end of the current biennium in FY 25. But other facets of the proposal [...]
OpenSkyLIGHTS: Focus on Nebraska fiscal policy (3/8/24)
244 We all know that school funding in Nebraska can be complex. With the Legislature committing additional funding to K-12 education in 2023 while implementing a new cap on school district revenues, [...]