Budget & Taxes

This bill appropriates specific funds to support the implementation of Legislative Bill 288. It allocates $97,030 from the Middle Income Workforce Housing Investment Fund and $103,200 from the Affordable Housing Trust Fund for fiscal year 2025-26, and $118,110 and $126,410 respectively for 2026-27, to the Department of Economic Development’s Program 601. The funds are designated to carry out provisions of LB 288, with a cap on salary expenditures at $103,520 for 2025-26 and $138,030 for 2026-27. As a funding bill, it directly affects the Department of Economic Development’s budget execution for Program 601.

LB 262 appropriates $632,982 from the General Fund for each fiscal year (2025-26 and 2026-27) to pay salaries for Nebraska Legislature members, as required by law. The bill includes a spending cap of $588,000 annually for salaries and per diems, ensuring total expenditures do not exceed this amount. It becomes effective July 1, 2025, and was approved by the governor on May 21, 2025. This procedural bill directly affects legislators by funding their compensation.

LB 296A is a funding bill that allocates $0 from the State Department of Education Improvement Grant Fund for fiscal years 2025-26 and 2026-27 to support Legislative Bill 296. It specifies that total expenditures for salaries and per diems from these funds cannot exceed $160,197 for 2025-26 or $165,403 for 2026-27. The bill directly affects the State Department of Education by providing a procedural funding mechanism for another legislative act. This is a technical appropriations measure with no actual monetary allocation, solely establishing budgetary parameters for a related bill.

This bill (LR 11CA) proposed a constitutional amendment to ban all taxes in Nebraska except retail sales taxes and excise taxes, effective January 1, 2028. It would have prohibited state and local governments from imposing income taxes, property taxes, or other tax types. The amendment required voter approval in the November 2026 election and included specific ballot language. However, the bill was withdrawn on February 13, 2025, and is no longer active.