Nebraska once entered its budget year with a rare $1.9 billion surplus, but today the state faces mounting deficits, falling tax receipts, and growing fiscal pressure.
Center on Budget and Policy Priorities
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• Tax revenues are coming in $86 million below expectations for FY 2024-25.
Nebraska Examiner
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• The projected two-year deficit has grown to at least $95 million, with further shortfalls forecast in future biennia.
Nebraska Examiner
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Despite the term “bankrupt” being dramatic, Nebraska’s finances are under serious stress — and this crisis threatens services, tax cuts, and state spending.
Lisa Cabrera walks through what went wrong, who’s paying, and how this could ripple into major policy and economic turbulence.
📍 Locations: Lincoln | Omaha | Nebraska State Legislature | USA Mid-West
#Nebraska #StateBudget #FiscalCrisis #Deficit #Economy #BreakingNews #LisaCabrera
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