Nebraska Ordinance Adopting the Budget
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How to fill out Ordinance Adopting The Budget?
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FAQ
The state of Nebraska is the only state in the country that does not have a bicameral legislature. Instead, the Nebraska Legislature has only one house - called the Unicameral - that serves the citizens of the state. Representatives from the Unicameral are called senators.
The Nebraska Budget Act requires the reporting of public funds, which means all money, including non-tax money, used in the operation and functions of political subdivisions (section 13-503(7)).
Nebraska owns more than it owes. Nebraska's Taxpayer Surplus? is $8,200, and it received a "B" from TIA. Nebraska is a Sunshine State with enough assets to cover its debt. Elected officials have created a Taxpayer Surplus?, which is each taxpayer's share of money available after state bills have been paid.
Nebraska's current budget The FY 2023 supplemental budget was enacted in April 2022. The enacted budget included total spending of $12.6 billion in FY 2022 and $12.6 billion in FY 2023, and general fund spending of $4.8 billion FY 2022 and $5.13 billion in FY 2023.
The Budget Process The State of Nebraska utilizes a biennial budget for revenues, appropriations, and expenditures. The biennial budget is split into two Fiscal Years. The first fiscal year of a biennium begins on July 1st of odd-numbered years.
Nebraska Governor Jim Pillen signed the state's fiscal 2024-2025 biennial budget bill on May 24. The two-year budget calls for $15.34 billion in total spending in fiscal 2024 (a 2.7 percent increase from fiscal 2023) and $15.23 billion in total spending in fiscal 2025 (a 0.7 percent decrease from fiscal 2024).