Nebraska state budget (2012-2013)
- See also: Archived Nebraska state budgets
The FY 2012-13 state budget was passed by the Nebraska State Senate during the 2011 session and can be found here. The Senate then adjusted the budget during the 2012 session. Those amendments can be found here.
The state's $7.1 billion budget for FY 2013 was contained in multiple bills before the Senate. The deficit spending bill was LB968 and the bill addressing fund transfer was LB969. The Senate approved the bills making up the $7.1 billion budget on March 27, 2012. Governor Dave Heineman signed the budget bills into law on April 2, 2012 with no vetoes.Cite error: Invalid
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The governor said he believed a highlight of the budget was $71 million for a new University of Nebraska cancer research center. It also increased state spending on child welfare and child care services and rolled back some cuts in Medicaid payments to health care providers.
In Jan. 2012, Senator Abbie Cornett introduced a tax relief plan contained in LB970 on behalf of the governor. The plan as originally proposed would have cut $327 million in taxes by eliminating the inheritance tax and lowering individual and corporate income taxes. The three-year plan cost roughly $52 million for that budget period, eating up a large chunk of the $63 million that was available under the Appropriations Committee's tentative budget. The governor said in his State of the State address that he planned to expand the brackets for middle-class residents. In the legislature, however, the governor's tax cut proposal shrunk to one-third of its original size.
- The Lincoln Journal Star, "Budget bills sent to governor," March 27, 2012
- The Omaha World Herald, "Governor goes along with budget bill," April 3, 2012
- Nebraska Legislature, "LB968 - Provide for deficit appropriations"
- Nebraska Legislature, "LB131 - Change provisions relating to the Cash Reserve Fund"
- Nebraska Legislature, "LB969 - Provide for fund transfers and change provisions relating to various funds"
- The Lincoln Journal Star, "Debate opens on governor's tax cut plan," January 26, 2012
- The Journal Star, "Nebraska lawmakers turn to budget decisions," February 27, 2012
- Businessweek, "Governors Seeking Jobs Offer Tax Breaks as Budget Woes Ease," January 31, 2012
- Sioux City Journal, "Neb. lawmakers struggle to set budget priorities," March 25, 2012
- Nebraska Legislature, "LB970"