Despite COVID-19, Nebraska saw an increase in taxable sales revenue for March of 2020. However, urban areas in Nebraska appear to have taken a heavy hit as buyers react to COVID-19 restrictions. Nebraska’s sales tax usually operates as one of the more stable sources of state revenue. That fact is significant when social distancing policy...
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 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...
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...
Click here to download slides from the program in PDF format. The program may also be viewed and shared on Facebook and YouTube.
Download the slides from this webinar in PDF format. The program may also be viewed and shared on Facebook and YouTube.
Our Goal: Protect the health, safety, and economic opportunity of all Nebraskans. Our Approach: As Nebraska’s Directed Health Measures are eased, working Nebraskans will need new and safe opportunities in a changed economy. For Nebraska to experience a full economic recovery, it will require a fertile environment for new businesses to start and existing firms...
Ernie Goss & Scott Strain on the economic impact of COVID-19 on Nebraska.
The second installment in the series. Ernie Goss & Scott Strain model the impact of COVID-19 on Nebraska jobs, economic activity, and tax revenues.
Why did the Governor waive the late fees on personal property taxes? No, personal property is not the same as the property tax you pay on your house. Real property is stationary and includes land, buildings, improvements, fixtures, mobile homes, minerals, and wells. Nebraska also taxes another type of property, known as tangible personal property. ...
The Platte Institute will host a webinar with Economists Ernie Goss, Ph.D. and Scott Strain, M.S. on the economic impact of COVID-19 on Nebraska
State policy leaders from 16 states have co-signed a Platte Institute letter calling for more financial flexibility in the federal relief package.