Nebraska Governor Pete Ricketts has proposed a mixture of budget cuts and revenue adjustments to deal with a 267-Million-dollar revenue shortfall in the current fiscal year.
Ricketts began asking his agencies to cut back on spending in June. He made further cost-cutting steps in October. Ricketts spared public school and prison funding from cuts. . .https://soundcloud.com/wnax-radio/ricketts-106a-1

Ricketts says it is vital to deal with the shortfall in the current year before moving to address an expected shortfall of nearly a billion dollars in the next two-year budget. . .

The governor proposes the Legislature approve across-the-board cuts totaling 42-Million dollars and specific cuts totaling 51-Million. He also wants to withhold money appropriated, but not needed, and recapture cash funds which haven’t been used. The proposal also requests taking 92-Million dollars from the cash reserve fund.