The Nebraska Economic Forecasting Advisory Board voted on Friday to add $100 million to current fiscal year revenue projections for General Fund receipts. In addition, the board increased projected revenue receipts by $5 million for the upcoming Fiscal Year 2025-2026 and by $60 million for the following Fiscal Year 2026-2027.
These increases account for an additional $165 million that can be leveraged, along with necessary spending decreases, to support a balanced state budget that delivers critical investments in education and property tax relief.
“The Forecasting Board delivered good news today,” says Governor Jim Pillen. “This is a sign of Nebraska’s strong and resilient economy. There is still work to be done to ensure we are delivering the fiscally conservative budget that Nebraskans expect and deserve.”