July 18, 2024 July 18, 2024 State lawmakers across the country navigated budget challenges and slowing revenue growth in 2024. This challenge was made worse by the winding down of temporary federal pandemic aid, coinciding with deep, permanent tax cuts. The impact of those tax cuts becomes clearer as they weigh on the ability of … Read more
LINCOLN — Nebraska’s tax receipts for the 2023-24 fiscal year released Monday came in 0.1% below the most recent projections. In the past year, the State of Nebraska collected $7.156 billion for the state’s general pocketbook, about $10.6 million below a Feb. 29 forecasting projection. The reported general fund tax receipts include net sales and use … Read more
Just two of the more than 50 new laws proposed by Oregonians through the ballot initiative process stand a chance at appearing before voters in November. Friday was the deadline for groups to submit the more than 100,000 petition signatures needed to give voters a chance to approve or reject ballot measures. Only two measures … Read more
LINCOLN — The longshot petition to let voters replace property, income and corporate taxes with a consumption tax fell short of a bulk signature-gathering hurdle that often stops ballot initiatives short that lack paid circulators. That higher hurdle is securing signatures from 10% of the state’s registered voters to amend the state constitution, or about … Read more
State Sen. Steve Erdman of Bayard is leading an effort to replace Nebraska’s income, property, and corporate taxes with a broader sales or consumption tax called the EPIC Option.