Nebraska Governor Pete Ricketts has ordered state agencies to cut back on spending and prepare for budget cuts.
The order comes in light of reduced state revenue estimates from the Nebraska Economic Forecasting Advisory Board.
Ricketts won’t rule out asking the legislature to approve additional budget cuts. . .
Ricketts points to lower commodity prices as the major reason. . .
The Nebraska Economic Forecasting Advisory Board has revised its state revenue projections, expecting the state to collect 100-Million dollars less this fiscal year and 123-Million less next fiscal year.
