LINCOLN, Neb. (AP) — Nebraska lawmakers are preparing for a tight budget in next year’s session, with a projected $110 million revenue shortfall that could force them to cut services or tap the state’s rainy-day fund.
That gap could grow or shrink when the Nebraska Economic Forecasting Advisory Board meets in February, but lawmakers still have to balance the budget in next year’s session.
Speaker of the Legislature Galen Hadley says he’s concerned about the shortfall and isn’t yet sure whether it’s just a “blip” in the economy or a sign of trouble ahead.
Sen. Heath Mello of Omaha, whose committee oversees the budget, says he’s confident lawmakers will find a way to balance the books but acknowledges it could be more difficult if the shortfall widens.