Government Spending

The Full Platter Podcast: 21 Great Bills for 2021

The Full Platter Podcast: 21 Great Bills for 2021

Senators have introduced hundreds of bills in the new legislative session. We discuss 21 of them that we’re supporting to remove barriers for Nebraskans in 2021. Resources mentioned in this episode: The Platte Institute’s Take Action Page Find Your Senator Wyoming Legislature considers universal recognition of occupational licenses Bills discussed in this episode (listed by...

November tax revenues remain strong as 2021 Legislature approaches

November tax revenues remain strong as 2021 Legislature approaches

Nebraska’s November General Fund tax revenues are in, and the good news is that revenue forecasts were both exceeded by actual collections for both the month and the fiscal year. According to a press release from the Nebraska Department of Revenue, the month of November saw revenues 14.3% above the certified forecast and revenues for the...

By Sarah Curry

Nebraska highways ranked 12th ahead of a less-traveled holiday season

Nebraska highways ranked 12th ahead of a less-traveled holiday season

As health officials advise to avoid large family gatherings this Thanksgiving, and gas prices remain on the lower side, many Americans might take to the highways for a road trip with the people in their COVID bubble. Though AAA travel projections show a major reduction in travel plans from last Thanksgiving, particularly among air passengers,...

By Adam Weinberg

Economic Forecasting Board projects higher state tax receipts

Economic Forecasting Board projects higher state tax receipts

The Nebraska Economic Forecasting Advisory Board met today and increased the forecast for the expected tax revenue the state will receive during the 2020-2021 fiscal year. While this was one of the regularly scheduled meetings, this meeting had a completely different mood and focus due to the uncertainty surrounding the pandemic and recent legislative changes....

By Sarah Curry

Nebraska has spent half its CARES Act funds, but more transparency is needed

Nebraska has spent half its CARES Act funds, but more transparency is needed

Where did all the CARES Act money go in Nebraska? Federal taxpayers in Nebraska have a right to know the answer. The Platte Institute published a report calling for more transparency in mid-September, and less than a month later the state published its dashboard providing that added transparency. The state’s dashboard shows that $587 million...

By Sarah Curry

Local government spending dominates Nebraska’s state General Fund

Local government spending dominates Nebraska’s state General Fund

Your local property taxes go to your local community, and your state income and sales taxes pay for state services, right? Sometimes. But did you know that a significant amount of your state taxes are also redistributed back to local governments across Nebraska? According to a new report from the Nebraska Department of Revenue, in...

By Sarah Curry

What is the fastest growing area in Nebraska’s state budget?

What is the fastest growing area in Nebraska’s state budget?

Nebraska’s state budget is growing, but what area of spending is the largest and growing the fastest? Contrary to what many believe, K-12 education is not the largest expenditure in state government. Health and human services and higher education are larger state spending areas, with the state Department of Education coming in behind these two categories....

By Sarah Curry

Where is the Money Going? Tracking COVID-19 Relief Funds in Nebraska

Where is the Money Going? Tracking COVID-19 Relief Funds in Nebraska

When the COVID-19 pandemic hit our nation, Congress reacted by enacting a historic $2 trillion spending plan to keep our nation from falling into financial ruin. In total, there have been four pieces[1] of federal legislation enacted with the intent to help individuals and states combat the health and economic crisis that occurred, of which...

By Sarah Curry

What you haven’t heard about the federal HEALS Act

What you haven’t heard about the federal HEALS Act

When Senate Republicans released their next relief package, called the HEALS Act or CARES 2, on July 27, a flurry of news stories were published about the contents. The new proposal is a $1 trillion package as a follow up to the CARES Act and a response to the House Democrats’ $3 trillion HEROES Act. Most...

By Sarah Curry

Forecasting board proposes confident outlook for Nebraska

Forecasting board proposes confident outlook for Nebraska

Normally the Nebraska Economic Forecasting Advisory Board would not meet in July, but because of the pandemic, the Legislature needed an update to know how to proceed with bills that would impact the budget amid the uncertain times. The last time the forecasting board met was in February and the revenue picture was very positive. This...

By Sarah Curry

Nebraska is in a relatively good revenue position compared with other states

Nebraska is in a relatively good revenue position compared with other states

Today is the new tax filing deadline in Nebraska. Today is also when the Department of Revenue released the state’s tax revenue figures for the month of June and for the last fiscal year (FY2019-2020). It is important to note that Nebraska’s phase 3 of directed health measures went into effect on June 22. So,...

By Sarah Curry

Linehan discusses property tax reform on Platte Institute webinar

Linehan discusses property tax reform on Platte Institute webinar

Nebraska Legislature Revenue Committee Chair Sen. Lou Ann Linehan joined Platte Institute CEO Jim Vokal on unresolved tax policy issues facing the Unicameral in its scheduled return later this month. On a webinar last week, Speaker Jim Scheer emphasized that property tax reform would be a key focus area before the legislative calendar came to an...

By Jaliya Nagahawatte