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LINCOLN, Neb. (AP) - A better-than-expected revenue forecast has allowed Nebraska lawmakers to set aside even more money for property tax relief.
Nebraska lawmakers gave the state budget second-round approval on Wednesday with an additional $8 million to offset property taxes. The revised bills would provide a total of $408 million over two years.
The Nebraska Economic Forecasting Advisory Board predicted last month that the state would collect more money than expected, giving senators an additional $9.7 million.
Sen. Heath Mello, chairman of the Appropriations Committee, says the increase is responsible and sustainable.
Lawmakers also voted to withdraw about $28 million from the cash reserve fund to pay for renovations to the Capitol's heating, ventilation and air conditioning system. The withdrawals will take place over eight years to make the building more energy efficient.
© Associated Press
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