This bill reduces funding for the Department of Economic Development's Community and Rural Development program by approximately $10 million in the 2026-27 fiscal year. It decreases General Fund allocations from $7.29 million to $6.29 million and cuts Cash Fund allocations significantly (from $36.58 million to $21.67 million and $36.58 million to $27.67 million), while maintaining Federal Funds at about $54.57 million. The bill eliminates $250,000 for prefabricated housing studies, keeps $700,000 for development districts, and maintains $4.88 million for reading mentorship programs. It directly affects the department's budget execution for rural development initiatives, housing studies, and educational support programs. The changes reflect a reallocation of state funds without introducing new policy requirements.
LB 1071 is a budget bill that sets funding levels for Nebraska's state government for fiscal years 2025-26 and 2026-27. It defines key fiscal periods, redirects unspent funds from previous years to current budgets, and establishes limits on state employee salaries and per diems. The bill specifically caps total salary and per diem spending for state agencies, with adjustments based on prior-year encumbrances, and allows exceptions only for federal funds or specific legislative approvals. This bill directly affects all Nebraska state agencies managing budgets and payroll during the 2025-2027 biennium.
LB 772 eliminates specific provisions that allow certain state funds to transfer money to Nebraska's General Fund. The bill targets multiple funds, including the Certified Public Accountants Fund, Small Watersheds Flood Control Fund, and Nebraska Soil and Water Conservation Fund, by removing language permitting such transfers. It does not create new funding mechanisms but removes existing authority for these transfers. The bill directly affects how these specific funds can be managed, preventing future transfers to the General Fund without new legislative action. This is a procedural change to fund management rules, not a new policy affecting public services or programs.
LB 1038 changes how Nebraska school districts can raise funds through property taxes and modifies property tax credits. It eliminates certain property tax credits for homeowners and adjusts school district levy limits, allowing districts more flexibility in setting local tax rates. The bill redirects tax revenue streams, increasing funding for the Education Future Property Tax Credit Cash Fund (from 70% to 40% for cash device taxes) and modifying how General Fund transfers support schools. These changes directly affect school districts (by altering their tax-raising authority) and property taxpayers (through eliminated credits).
Nebraska bill LB 423 eliminates the Intern Nebraska Cash Fund program, which provided grants for business internships and job training. The bill repeals sections 81-1210.01 to 81-1210.03 and transfers remaining funds from the internship program to the General Fund by June 30, 2026. This directly affects small businesses (25 or fewer employees) in rural or high-poverty areas that previously received internship training grants. The bill modifies the Job Training Cash Fund to remove its internship component while keeping other job training provisions intact, effective July 1, 2025.
Nebraska's LB 264 moves specific state funds into the General Fund to support broader state operations. The bill requires transferring $8.25 million from the State Insurance Fund, $25.5 million from the Military Installation Fund, and over $32 million from the Water Recreation Fund, among other specified amounts, by mid-2025 or 2026. These transfers affect state financial accounts, redirecting money from specialized funds like recreation, economic development, and medical spending programs. The bill also eliminates several programs and outdated provisions, but its primary action is reallocating existing state funds.
