Day 76 is upon us, and the 2025 Legislative Session is entering its final weeks. The Appropriations Committee presented the proposed state budget to the full Legislature on Day 70, as statutorily required, a key milestone.This was preceded by the Economic Forecasting Advisory Board’s meeting where state revenue projections were revised downward by $190 million for the current fiscal year.
Budget debate commenced this week and shall conclude by May 15.The budget will be our absolute priority moving forward, and Speaker Arch has dedicated the next ten days to this specific cause. Speaker Major Proposals, including budget bills LB 261 and LB 264, were each deliberated at length and brought to a successful cloture vote after eight hours of debate. Additional budget bills were also considered and advanced from General File, the first round of consideration.
Recently, members of the Legislature passed two key bills that will generate significant revenue: LB 650, which repeals outdated tax incentives and sales tax exemptions, and LB 645, which modifies the state’s contribution to the teacher retirement fund. Both measures were approved by Governor Pillen this week.
