LINCOLN- In his vision for Nebraska's next two budget years, Gov. Jim Pillen focused primarily on reducing government spending, with less of an emphasis on new property tax relief than he's had in prior years.

Pillen gave his third State of the State speech as Nebraska's governor Wednesday morning, in which he detailed his priorities for 2025, and unveiled his plan for the state's biennial budget, which will start July 1, 2025, and span until June 30, 2027. "Many important issues will consume our focus throughout this legislative session," Pillen said. "I pledge to you that we will be your partner throughout it all."

The governor's budget plan calls for a 0.5% reduction in state spending over two years, which is expected to help close the projected $432 million budget shortfall and leave Nebraska with roughly $62 million left over. Absent from his plan is a direct approach for additional property tax relief, which his staff anticipates will cost between $235 million to $245 million per year to sustain.

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