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Mon May 1, 2017, 03:41 AM

Nebraska lawmakers will need another $50 million to balance state budget

LINCOLN (AP) — Nebraska lawmakers who worked to erase a nearly $900 million projected revenue shortfall will have to come up with an additional $50 million to balance the state budget.

The Nebraska Economic Forecasting Advisory Board set new revenue estimates on Wednesday, predicting that the state will collect $4.3 billion in the current fiscal year and $9.2 billion in the coming two-year budget cycle.

The new projections will wipe out the $3.5 million that lawmakers had available for priorities this year.

Forecasting board members offered differing views on the state economy. Members from Nebraska’s larger cities offered a positive outlook, while rural members warned of a struggling farm economy.

Read more: http://www.omaha.com/news/legislature/nebraska-lawmakers-will-need-another-million-to-balance-state-budget/article_89ffe3af-cc5d-5a86-9ae1-7f620eef5c32.html

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