Legislature began its work on the state budget for the 2025-2027 Biennium

On Tuesday, May 6th, the Legislature began its work on the state budget for the 2025-2027 Biennium. This follows the Nebraska Economic Forecasting Advisory Board’s meeting on April 25th, where revenue projections for the current fiscal year were reduced by $190 million due to anticipated decreases in individual income tax, corporate income, and sales tax receipts.Five budget bills were...