Gov. Ricketts: Revised Revenue Forecast Is Green Light for Tax Relief, Canal, and Public Safety Projects

LINCOLN – Governor Pete Ricketts commented Monday on a decision by the Nebraska Economic Forecasting Advisory Board, which raised the revenue forecast by $370 million for the current fiscal year FY2021-22 and $405 million for FY2022-23.

 

“At the same time we are delivering top-notch government services, we have unprecedented tax revenues,” said Gov. Ricketts.  “The increased forecast shows Nebraska can responsibly deliver a variety of tax relief that will return excess revenue back to the people.  We don’t have to choose between income tax relief and property tax relief – there is room for both.  It’s also critical that we fully finance the Perkins County Canal and the Nebraska State Penitentiary for the safety and security of future Nebraskans.”

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