LINCOLN, Neb. (AP) - Nebraska Gov. Pete Ricketts says he still plans to advocate for tax reforms in next year’s session despite a nearly $1 billion projected budget shortfall.
The governor said Tuesday that any changes will have to fit within the state budget, which he and lawmakers are required to balance. Ricketts says his focus will remain at least partially on property taxes, a major complaint of farm and ranch landowners.
The Legislative Fiscal Office says Nebraska faces a projected shortfall of $911 million in the upcoming two-year budget. Lawmakers and Ricketts have said they’re likely to draw some of the money needed from the state’s emergency cash-reserve fund.
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