Cornhusker State News

Nebraska Governor Jim Pillen addressed the public following the Nebraska Economic Forecasting Advisory Board's recent meeting, where the board announced a downward revision in state revenue projections. The board reduced its forecast by $120 million for fiscal year 2025-26 and by $247 million for fiscal year 2026-27.

Governor Pillen emphasized his administration’s ongoing efforts to manage state finances with a focus on efficiency and spending reductions. “Since day one, my administration has been focused on running government like a business and bringing fiscally conservative values to Nebraska state government. The forecasting board’s projections underpin the critical work of cutting government spending and identifying efficiencies while we improve services. Earlier this year, I announced our effort to deliver $500 million a year in cuts that will directly benefit hardworking Nebraskans. It’s a big number, but it's necessary as we work to fix the broken property tax system, end special interest carve outs and exemptions, and balance our budget,” Pillen stated.

The governor plans to release his full executive budget recommendation in mid-January alongside his annual State of the State address.