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...
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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,...
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...
The Paycheck Protection Program (PPP) is one of the largest parts of the federal government’s CARES Act relief legislation. The PPP provides loans intended to help small businesses—those with 500 or fewer employees—maintain their payroll, hire back any employees who were laid off, and cover applicable overhead expenses such as rent and utilities. Detailed data...
Nebraska Legislature Speaker Jim Scheer and Executive Board Chair Sen. Mike Hilgers were guests on today’s Platte Institute Webinar. The focus of the webinar was the upcoming return of the Legislature on July 20, and what can be expected in the remaining 17 days of the legislative calendar. The Legislature’s session was suspended in March...
Platte Institute CEO Jim Vokal joined Ryan Boyd with KFGW Kearney’s “Talk of the Town” to discuss the Platte Institute’s call for creating an inventory of the $10.8 billion in federal funds allocated to Nebraska for COVID-19 relief and the road to recovery in the current recession.
Dear Governor Ricketts, We write this letter on behalf of the Platte Institute to ask your administration to set an important precedent for financial transparency in state and local government, by creating a publicly-accessible inventory of federal funds being spent in Nebraska. As you have noted, COVID-19 emergency federal relief funds allocated to Nebraska total...
Dear Nebraskans, Our state and nation have been actively fighting COVID-19 since mid-March. We are getting a handle on the public health aspect of the crisis, yet the economic impact is still being realized as businesses begin to reopen. As more data becomes available, we can start to measure the impact this crisis is having...
The Nebraska Legislature is currently scheduled for a summertime return to its 2020 session, which was suspended due to the COVID-19 emergency. Nebraska Legislature Speaker Jim Scheer says the plan is for senators to return for the final 17 days of legislative business between July 20 and August 13. Prior to the crisis, lawmakers had completed hearings...
The Platte Institute along with almost 30 other free market think tanks are asking Congress to modify the CARES Act to allow for more flexibility in already distributed funds instead of spending more money. Now, Platte’s partner organization in Utah has called on their delegation to support Representative Bacon’s FLEX Act. This press release partners...
A delayed tax filing deadline and closed businesses in Nebraska has resulted in April state tax revenues that are $292 million below previous monthly projections. While this is a very noticeable impact from the pandemic, the data released by the Nebraska Department of Revenue this morning tells us a bit more about our tax code...