LINCOLN- 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.

He said his budget includes shrinking state spending by half a percent over the next biennium. The budget leaves $755 million in the cash reserve and calls for $100 million in cuts to about $5.3 billion in general fund appropriations in 2025-26 and $5.4 billion in 2026-2027.

It solves a $432 million budget shortfall and still provides for $672 million in additional property tax relief, which the governor addressed in his speech.

The proposed budget includes legislation to reverse 20 incentive expansions that reduce state revenue and some examples are the Nebraska Advantage Rural Development Expansion Act; Good Life Transformational Projects; Sports Complex Financing; Large Public Stadium Financing; and Shortline Rail Credits.

For Gov. Pillen's Budget in Brief Report, click HERE

For Gov. Pillen's Executive Budget Presentation, click HERE