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Nebraska Governor Supports Fiscal 2021 Revenue Forecast Adjustment

Dated July 27, 2020

SUMMARY BY TAX ANALYSTS

Nebraska Gov. Pete Ricketts (R) issued a statement on the Economic Forecasting Advisory Board’s 1 percent, or $50 million, modification to the fiscal 2021 revenue forecast, saying that the adjustment allows the legislature to accomplish its key priorities amid the COVID-19 pandemic, such as property tax relief and business incentives before the end of the legislative session.

Gov. Ricketts: Forecast Sets Legislature Up to Accomplish Key Priorities

July 24, 2020

LINCOLN — Today, Governor Pete Ricketts issued a statement following a decision by the Nebraska Economic Forecasting Advisory Board, which modified the revenue forecast by 1%, or $50 million for the current fiscal year FY2020-21.

“This new forecast reflects the ongoing strength of Nebraska's economy even in spite of the impacts of the pandemic,” said Gov. Ricketts. “Today's news sets the Legislature up to accomplish key priorities including property tax relief and business incentives in the remaining days of the session.”

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