Governor Pete Ricketts says state government will have to make deeper budget cuts to cope with a revised revenue forecast.

The Nebraska Economic Forecasting Advisory Board has revised downward its projection for future state tax revenue, now predicting it will fall another 55-Million dollars over the next three years.

Ricketts says lawmakers will need to sharpen their pencils. . .

Ricketts says a proposal to lower the required minimum budget reserve from three percent to two doesn’t make sense. . .

State legislators advanced the state budget bill prior to the revision by the forecasting board.