Tight Finances Could Dominate Nebraska Legislative Session

BEATRICE – Tighter financial times are factoring into the coming Nebraska Legislative session, as state tax revenues decline.

Governor Pete Ricketts, in an interview with News Channel Nebraska – KWBE Wednesday, said the state is feeling the effects of lower income in the agriculture sector.

:22                  “below forecast”

Drops in revenue were also recorded in July, with a slight reversal in August.

:24                  “priorities for spending”

The state is constitutionally required to have a balanced budget.  Ricketts says he remains opposed to tax increases, saying Nebraskans are, in his words, “too taxed, already”.

Ricketts says he will look at the potential for tax reform in this coming session, within budget limitations the state is facing.

:14                  “next January”

Ricketts was asked about the $28.1 million jury verdict facing Gage County, and whether the state might play any role in assisting with that.

:22                  “cutting the budget”

This month, new state revenue projections will be issued.