Nebraska Governor Pete Ricketts calls closing a state budget gap the top priority of this legislative session and says existing tax credits can be used to lower property and income taxes.
Ricketts, during his State of the State address, told lawmakers his administration has already taken steps to curb spending in light of a nearly 200-Million dollar revenue shortfall. . .

Ricketts says while balancing the state budget is the top priority of the session, lawmakers must also take steps to cut taxes

Ricketts proposes using the money in the Property Tax Credit Relief Fund to pay for a 240-Million-dollar package providing 200-Million in property tax cuts and 40-Million in individual and corporate tax cuts.