Senators Address Large Budget Shortfall
The Legislature's
Appropriations Committee released its proposed budget for the FY 2017-18/FY2018-19 biennium on April 21. Lawmakers began debating the budget on April 25.
Senators seek to close a budget gap of nearly $1 billion; the
Nebraska Economic Forecasting Advisory Board met this week and increased its projected shortfall by $55 million.
As presented, the Committee's plan proposes $8.9 billion in General Fund spending with an annual growth of one percent, while pulling $173 million from the state's Cash Reserve.
The Appropriations Committee's proposal likely will undergo additional changes, and discussions on tax reform and education funding (TEEOSA) are scheduled for next week.
Senators must pass the budget bill no later than May 10, which will be Day 80 of the legislative session.
Check our website's Nebraska Legislation page for daily updates and a printable report on bills affecting
early childhood.
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