A better tax balance

As Nebraska lawmakers prepare for the upcoming legislative session, they’ll face a challenge that has become all too familiar in recent years: a state budget shortfall.

Governor Jim Pillen and legislative leaders have rightly prioritized spending reductions and other budgetary tools to address this challenge. Responsible spending should always be the first place lawmakers look at when revenues fall short of expectations.

But there’s another tool in the toolbox that the Platte Institute has long advocated for, one that could help strengthen Nebraska’s budget outlook while protecting the historic tax relief lawmakers have already delivered and providing additional opportunities for further tax reductions.