Nebraska state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Nebraska was not expected to face a budget deficit for fiscal year 2009. For fiscal year 2010, officials estimated that the state faced a $152 million budget gap.[1]
Budget background
- See also: Nebraska state budget and finances
Nebraska operates on a biennium, covering two fiscal years at a time. A fiscal year begins on July 1 and ends on June 30 of the following year; however, the biennium begins July 1 of odd-numbered years. Each state agency submits budget recommendations along with prior spending and revenue data by September. In odd-numbered years the governor is required to submit a budget proposal by January 15, with the exception of the first year in office, at which time a governor may submit a proposal on or before February 1 to the legislature. Following a series of hearings and meetings the Nebraska Unicameral makes necessary amendments prior to returning the budget document to the governor. The governor has five days to sign, not sign, veto or use a line-item veto before the bill goes into effect. According to the state Constitution, 30 votes are required to override the veto.[2]
Budget figures
The following table provides a history of Nebraska's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $10.8[3] | $55.5[3] |
| 2001 | $11.6[3] | $57.4[3] |
| 2002 | $12.5[3] | $59.9[3] |
| 2003 | $13.3[3] | $64.6[3] |
| 2004 | $14.1[3] | $68.4[3] |
| 2005 | $14.3[3] | $71.2[3] |
| 2006 | $15.3[3] | $75.3[3] |
| 2007 | $16.3[3] | $80.1[3] |
| 2008 | $17.4[3] | $85.2[3] |
| 2009 | $18.6*[3] | $90.6*[3] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
Proposed actions
Governor Dave Heineman
Gov. Dave Heineman 2009 State of the State Address |
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, “State Budget Troubles Worsen, “ March 13,2009
- ↑ Nebraska Council of School Administrators, “Nebraska budget process, “ October 30,2008 (dead link)
- ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 US Government Spending, “Nebraska State and Local spending, “ accessed April 8,2009
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