OpenSky statement on the latest forecasting board projections

LINCOLN — The following is a statement from OpenSky Policy Institute Executive Director Renee Fry regarding the projections made Friday by the Nebraska Economic Forecasting Advisory Board:

“Today’s reduced forecast underscores that Nebraska faces tremendous uncertainty regarding our revenues as we don’t have a full understanding how federal tax changes could impact us. 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. It would be prudent for lawmakers to wait until after the February forecast at the earliest to make any significant budget changes so that we can have a clearer understanding of our true revenue situation.”

Contact Chuck Brown at 402-610-1522 or cbrown@openskypolicy.org for more information.

Leave a Reply