Lincoln Journal Star on Nov. 24: It’s official – Nebraska’s economy experiences a recession
… the Open Sky Policy Institute has cautioned state government leaders to refrain from taking any significant action to revise the state budget until the Nebraska Economic Forecasting Advisory Board meets again in February to reassess its state revenue forecast.
At that time, state leaders should also have a better understanding of the impact of potential federal income tax changes now being considered by Congress, OpenSky executive director Renee Fry said.
“Our revenue system is not keeping up with the needs of our state and further reducing revenue could harm our schools, public safety programs and other services that are vital to our state and its economy,” Fry said. Read the full article online.