At the writing of this blog, the 108th Nebraska Legislature is entering the 7th week of its 90-day session. A massive 812 bills were introduced in the first 10 days of the new session, each receiving a public committee hearing before full-day floor debates begin. Striking this year is the attention the Governor and legislative...
Nebraska’s economy achieved an important milestone in July, adding enough jobs to match its pre-pandemic jobs count from February 2020. The state’s economy now has 1,033,200 non-farm payroll jobs and the nation’s second-lowest unemployment rate at 2.0%. The national economy also recovered to its pre-recession jobs level in July, marking an important step in national...
Nebraska’s economy added 2,600 jobs in June, driving the state closer to a full recovery of payroll jobs from the pandemic recession. If Nebraska’s economy made a similar gain in July, it will be back to its pre-pandemic jobs peak. Like other states, Nebraska’s jobs recovery has been uneven across industries. And as the recovery...
“The Salvation of the State is Watchfulness in the Citizen” Some of you may remember that those are the words etched into the stone above the main entrance to our State Capitol building. Video recordings and archives of floor debate and committee hearings are one of the primary tools most states and U.S. territories...
Nebraska lawmakers enacted tax relief in 2022 in the form of LB873, which cut individual and corporate income taxes, eliminated taxation of Social Security benefits, and expanded a property tax credit program. The lion’s share of the tax relief will go to households in the form of income tax cuts and property tax credits, yet...
When taxpayers vote with their feet, policymakers should listen. Nebraska endured one of the nation’s largest migration-caused losses of income between 2019 and 2020, according to taxpayer migration data released by the Internal Revenue Service. Nebraska’s net loss of annual income due to outmigration was nearly $500 million. The Wall Street Journal described the new...
Even before the COVID-19 pandemic, Nebraska communities of all sizes were experiencing housing shortages, and from 2008 to 2018, Nebraska saw the 6th fastest increase in home prices among all states. That’s why the Blueprint Nebraska economic initiative has set the goal of increasing the housing supply and making our state a national leader for...
On a special episode of Nebraskanomics, Jim Smith asks three experts on telecommunications and regulation about the state’s progress on grant programs that expand broadband connectivity. Nebraska Public Service Commissioner Mary Ridder, Nebraska Legislature Transportation and Telecommunications Committee Legal Counsel Mike Hybl, and Hamilton Communications General Counsel Jim Ediger are our guests. A transcript of...
Nebraska entered the 2022 legislative session with its tax code ranked 35th in structural competitiveness, according to Tax Foundation’s 2022 State Business Tax Climate Index. The state will likely improve its position over the coming years as a result of tax changes made in LB873. However, projections show the state may only edge closer to...
by Cindy Gonzalez, Nebraska Examiner North Platte, Nebraska, businessman Pat Keenan, whose career began in the soft drink industry, has been elected chairman of the nonprofit Platte Institute board of directors. Among the organization’s responsibilities is helping to activate economic initiatives in Blueprint Nebraska, a plan led by business and civic leaders to stimulate economic...
Two factors determine a state’s overall tax competitiveness. The first factor is the total tax burden, measured as a portion of state income. The second factor is the structure of the state’s tax code – the manner in which those revenues are collected. The goal for tax competitiveness in Nebraska, then, is to maintain a...
Platte Institute Senior Fellow Laura Ebke says there’s more the state can do to welcome workers with career and military experience to join Nebraska’s workforce. A transcript of this episode is available below. If you’d like to watch this episode on YouTube, press play. Or you can listen to the podcast on Spotify or Apple...
Platte Institute Senior Policy Advisor Michael Lucci tells Jim Vokal an increasingly mobile workforce is prompting more states to take bold action on tax reform. A transcript of this episode is available below. If you’d like to watch this episode on YouTube, press play below. Or you can listen to the podcast on Spotify or...
Every bill introduced in the Nebraska Legislature receives a public hearing. In many ways, this is an extraordinary public service Nebraska offers. Nebraskans can bring numerous policy ideas to state senators, and as long as they can find a member willing to introduce legislation, those ideas will be considered by a legislative committee. Members of...