LINCOLN- Nebraska lawmakers face an ambitious task in 2025 of balancing the state budget with an estimated $432 million shortfall and fulfilling the governor’s continued goal of pushing for more property tax relief.

The first regular session of the Nebraska Legislature is the time when senators tackle the two-year state budget, with the next cycle lasting from July 1, 2025, through June 30, 2027. Traditionally, lawmakers have passed the budget through three main bills that handle revenues, expenses, and the cash reserve. Those bills must see floor debate no later than day 70 of the 90-day session, and receive final approval from lawmakers by day 80.

Given the expected shortfall, returning senators expressed differing levels of optimism when asked about the feasibility of new tax relief in 2025.

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