LINCOLN- Senator Rob Clements, Chair of the Appropriations Committee, announced that the biennial budget developed by the committee following public hearings has been advanced to General File. Additionally, following last week's forecasting board meeting which reduced the state's projected revenues, the committee released a 'menu' of areas and amounts they have identified to help addressed the additional shortfall. The shortfall now stands at roughly $ 390 million in the current fiscal year, and nearly $ 700 million in the out-years.
Senators will have the long weekend (the legislature is in recess on Friday and Monday) to digest the budget changes before returning on Tuesday morning. The legislature will convene on Tuesday at 9:00AM with debate on the budget likely taking nearly all of the 7 allotted days on the speakers session calendar. As a reminder the budget is required to be presented to the Governor by day 80 of the session, which is slated to be Thursday, May 15th.
To view the full budget summary, as released by the appropriations committee, please click HERE.
To view the 'menu' of additional reductions developed in response to the additional shortfall, please click HERE
To view the updated 'green sheet' with the state's General Fund status, please click HERE