LINCOLN — Below is a statement from OpenSky Policy Institute Executive Director Renee Fry regarding the state revenue projections made Friday by the Nebraska Economic Forecasting Advisory Board.
“While today’s increased revenue forecast is encouraging, the fact is federal dollars are propping up our economy considerably. Eventually those funds will stop flowing and our economy will have to stand on its own. For this reason, we urge caution because enacting ongoing tax or spending proposals will force tough choices in the future when revenues fail to keep up with our state’s obligations.”
Contact Chuck Brown at 402-610-1522 at cbrown@openskypolicy.org for more information.