Revised comprehensive budget plan fell short

Thursday, May 11, 2017

On May 2, we debated LB 461 which was the Governor’s and Revenue Committee’s comprehensive tax plan. After six hours of debate it fell short of the needed votes to pass. In its original form I did not support LB 461 but after several hours of negotiating with multiple senators we came up with an amendment that would have provided significant property tax relief, as well as, income tax relief that would have been triggered based on revenue growth of the State of Nebraska in future years. This would have been a good bill but in the end not enough senators were comfortable with the concept of triggers based off the forecasting boards’ projection for revenue growth for the state of Nebraska.

To Read More
Subscribe Sign In
Continue reading with a subscription
Subscription options