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NEBRASKA

Nebraska

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  • Commentary
    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

    • Budget timeframe: Biennial

      Fiscal Year begins: July 1 

      The current state budget can be found here and the FY2012-13 budget adjustments can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      NE Gov. Heideman

      Gov. Dave Heineman
      Office of Governor Dave Heineman
      P.O. Box 94848
      Lincoln, NE 68509-4848
      Phone: (402) 471-2244
      Fax: (402) 471-6031
      http://www.governor.nebraska.gov/

       

       

       

      Gerry Oligmueller, Director
      Budget Division - Department of Administrative Services
      State Capitol, Room 1320
      Lincoln, NE 68509
      Phone (402) 471-2526
      Fax (402) 471-4157
      www.budget.state.ne.us
      Gerry.Oligmueller@nebraska.gov

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Nebraska's "balanced budget" requirement comes in the form of a limit the issuance of debt. Article 13, Section 1 of the 1875 Constitution says the State may not contract debts greater than $100,000. Nebraska law forbids the carrying over of a deficit from one year to the next. In spite of this law, budget deficits (negative net transactions) were reported on the State's Budgetary Comparison Schedules within the last three years' annual reports.

       

      The State of Nebraska's governmental funds include five major funds: the General Fund, the Highway Fund, the Federal Fund, the Health and Social Services Fund and the Permanent School Fund. Non-major special revenue, capital project and other permanent funds are also included in the governmental funds.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

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    • Pensions :

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

    • View All Nebraska articles
    • K-12 Education :

    • HEADLINES

      Common-Core Tensions Cause Union Heartburn

      Education Week | by Andrew Ujifusa and Stephen Sawchuk | February 20, 2014

      From the early days of the Common Core State Standards, the two national teachers' unions have been among the initiative's biggest boosters, helping to make the case to the nation's 3.5 million teachers for the tougher expectations and putting significant money into the development of aligned curricula and tools.

      But in some union quarters, that support is starting to waver—the product of flawed implementation in states, concerns about the fast timeline for new testing tied to the standards, and, in at least one instance, fallout from internal state-union politics.

    • HEADLINES

      Education spending balloons, but students in some states get more money than others

      Washington Post - GovBeat | by Reid Wilson | January 27, 2014

      There is disagreement within education circles over whether spending more money per pupil leads to better results. But there is no disagreement that the amount of money states spend on education has erupted in recent years.

    • View All Nebraska articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.