LINCOLN, Neb. (AP) — Nebraska lawmakers have given final approval to a new $8.7 billion state budget that includes an increase in state aid for property tax reductions, education and prison expenses.
Senators passed the two-year spending plan on Thursday with little debate, having reached compromises in the last several weeks.
The budget now headed to Gov. Pete Ricketts includes a total of $408 million over two years for the state’s property tax credit fund, which reduces what taxpayers owe to local counties, school districts and natural resources districts.
It also would add millions for state K-12 equalization aid and prisons, much of it for inmate medical costs.
Senators were spared from having to make major cuts after a revenue forecast in April showed that the state will likely collect more than expected.