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Nebraska ends fiscal year with record $6.35 billion revenues

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Nebraska ends fiscal year with record .35 billion revenues


LINCOLN — Nebraska closed out its fiscal yr on a report excessive be aware, with internet tax revenues nearing $6.35 billion, based on a brand new state report.

The Nebraska Division of Income report, launched Friday, reveals the state collected $624 million extra for the fiscal yr that ended June 30 than predicted simply 4 months earlier. The entire is up 10.9% from these February projections, which in flip have been $370 million greater than projections issued in October.

The brand new income figures had some policymakers speaking about tax cuts whereas others stated the cash needs to be used as a hedge in opposition to an financial downturn.  

State Sen. Lou Ann Linehan of Elkhorn, the Income Committee chairwoman, stated the elevated revenues imply lawmakers ought to do extra to scale back taxes subsequent yr, maybe by chopping earnings tax charges extra or quicker or each.

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Linehan

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“I’d counsel we return and take a look at extra tax cuts,” she stated.

Gov. Pete Ricketts, whose time period in workplace ends in early January, hailed the income figures as a mirrored image of Nebraskans’ laborious work over the previous yr. He additionally referred to as for extra motion to scale back taxes.

“It units the subsequent Legislature up with a first-rate alternative to construct on the historic tax reduction we delivered to Nebraskans in 2022,” he stated.

Earlier this yr, lawmakers handed a serious tax reduction bundle that’s projected to be price practically $900 million when totally applied in 2027.



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Pete Ricketts end of year revenue 2022

Ricketts


Legislative Invoice 873 lowered the highest earnings tax charges on companies and people, ended earnings taxes on Social Safety advantages and boosted property tax reduction. The invoice will probably be phased in over 5 years, that means its impression on tax revenues will develop with time. 

However Sen. John Stinner of Gering, the outgoing Appropriations Committee chairman, stated the elevated tax collections will bolster the state’s money reserve fund and depart Nebraska in a greater place to climate financial uncertainties. He pointed to rising rates of interest and rising speak about recession as worrisome indicators.

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“That is why I used to be adamant about leaving the reserve in a reasonably strong and historic place” on the finish of the legislative session, he stated. “Issues have labored out even higher.”







Sen. John Stinner end of year revenue 2022

John Stinner

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When lawmakers headed house in April, the fund was anticipated to hit a record-high $1.25 billion by June 30, 2023. The precise year-end income means the reserve will probably be nearer to $1.69 billion by the tip of subsequent June, equal to about 36% of annual spending.

By state regulation, the majority of tax revenues above the licensed forecast for the yr simply ended go robotically to the money reserve. Ricketts stated that would go away the money reserve with “considerably greater than what is required to serve Nebraskans.” 

OpenSky Coverage Institute Government Director Rebecca Firestone urged warning with the elevated income, given nationwide considerations about inflation and attainable recession.

“It’s actually excellent news that our tax receipts have been so sturdy over the previous yr however indicators of financial pressure are growing in Nebraska,” she stated. “We proceed to induce warning about discuss of additional tax cuts or enacting new spending applications till we will higher perceive the course Nebraska’s economic system is shifting in.”

Sen. Carol Blood of Bellevue, the Democratic candidate for governor, credited the constructive place, not less than partially, to federal stimulus {dollars} in the course of the COVID-19 pandemic. She stated the numbers will probably drop within the subsequent two to 4 years.

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Nonetheless, Blood, who voted in favor of the tax bundle handed earlier this yr, questioned why the state continues “to gather taxes from our laborious working Nebraskans as an alternative of giving them true tax reduction yr after yr.”

“It’s been made clear {that a} surplus is required annually so sure elected officers can reward it again throughout election cycles as an alternative of permitting Nebraskans to maintain it of their pocket,” she stated.

Jim Pillen, the GOP candidate for governor, didn’t return a message looking for remark Friday.

The Nebraska Tax Price Overview Committee — a panel of prime lawmakers and the state’s tax commissioner — will evaluation the state’s monetary image on Monday, each the year-end tax revenues and up to date estimates of potential state bills. 

In line with the brand new report, particular person and company earnings taxes accounted for many of the improve in tax collections, whereas gross sales tax collections have been barely decrease than the February projections. Web gross sales taxes for the yr have been 2.1% beneath that forecast, whereas internet particular person earnings taxes have been 20.1% greater and internet company earnings taxes have been up 18.2%. 

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Nonetheless, Nebraska collected $123 million, or 6.14%, extra in internet gross sales taxes in the course of the just-completed fiscal yr than within the yr earlier than. Web particular person earnings tax collections have been $113 million, or 3.6%, greater than the prior yr and internet company earnings taxes have been $144 million, or 25.2%, greater.

Income Division spokeswoman Lydia Brasch stated she couldn’t level to a single trigger for the income uptick, apart from Nebraska’s continued financial energy.



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Nebraska

Walt Radcliffe's friends say lobbyist was part of State Capitol’s ‘fabric' • Nebraska Examiner

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Walt Radcliffe's friends say lobbyist was part of State Capitol’s ‘fabric' • Nebraska Examiner


LINCOLN — It was 1979, and a college freshman was searching the State Capitol for lobbyist Walt Radcliffe, who was scheduled to speak to young leaders from the University of Nebraska-Lincoln.

Eventually, the freshman, Scott Moore, caught up with Radcliffe, who posed a profane question to the student that was something like, “What the heck am I supposed to say to these kids?”

“I knew right then that this was someone I was going to like,” said Moore, who went on to become a state senator, Nebraska Secretary of State and later, a top executive at Union Pacific.

Stories like that, and many more, circulated across the state as word spread about the death of Radcliffe, 77, on Thursday afternoon.

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Work spanned 10 governors

A Lincoln native whose work spanned 10 governors, Radcliffe was the undisputed dean of the statehouse lobbying corps. He had his own padded bench in the Capitol Rotunda.

His firm, Radcliffe Gilbertson & Brady, annually ranked among the state’s top in annual revenue.

Patrick O’Donnell, the longtime clerk of the Nebraska Legislature, retired at the end of 2022. (Courtesy of the Clerk of the Legislature’s Office)

He also served as a valuable — and engaging — font of institutional knowledge about the Legislature for lawmakers and governors as such knowledge was disappearing due to term limits.

His storytelling was legendary, as were his counsel and history lessons for lawmakers and others.

“He really cared about the institution,” said Patrick O’Donnell, the former clerk of the Legislature and a long-time friend who met Radcliffe in a UNL fraternity. “The Legislature had a big loss today.”

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“Nobody knew the legislative process better than him,” said Lynn Rex, executive director League of Nebraska Municipalities. She said Radcliffe was a mentor to her and many other lobbyists.

Former State Sen. John Stinner, who chaired the budget-writing Appropriations Committee, said Radcliffe once gave him valuable advice on how to tap into a state health care fund to help close a monumental $1 billion shortfall in the budget.

“He was extremely helpful in many instances,” Stinner said. “I’m going to miss him.”

Part of the place

U.S. Rep. Mike Flood, R-Neb., a former speaker of the Legislature, said “people probably think we were too close to Walt as a lobbyist.”

U.S. Rep. Mike Flood of Norfolk speaks to reporters on Sept. 15, 2024. (Zach Wendling/Nebraska Examiner)

“But he was bigger than a lobbyist,” Flood said. “He was just part of the fabric of the Legislature.”

A graduate of UNL and the NU College of Law, Radcliffe liked to point out that he worked only a couple of miles from where he grew up.

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His first jobs at the Capitol were as a legislative page and a proofreader. He later served as an assistant clerk of the Legislature and as legal counsel to the Judiciary and Banking Committees, and as chief legal counsel in the clerk’s office.

Radcliffe’s lobbying career began in 1977 as a partner with former State Sen. David Tews. He purchased the firm a couple of years later, which became Radcliffe and Associates before the latest name change.

He continued to lobby this spring, though his trips to his bench — which for a time had its own Twitter account — became less frequent.

“He was a people person. That job was his lifeblood,” said Korby Gilbertson, a long-time associate at the firm. “We always knew he’d work until he couldn’t, because that’s what he did.”

Known for NU advocacy

His firm long represented the University of Nebraska, fighting for its programs and funding. But Radcliffe also represented liquor, tobacco and gambling clients because, Gilbertson said, he “wasn’t afraid of a good battle.”

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University of Nebraska at Omaha students walk on campus in September 2024. (Cindy Gonzalez/Nebraska Examiner)

In addition, Radcliffe also lobbied free-of-charge for entities opposed to the death penalty, and, his friends said, was genuinely interested in helping the state, and its institutions, do well.

Moore said that Radcliffe’s greatest skill as a lobbyist was his ability to boil down complicated subjects into simple terms. He worked long hours and was a good listener and storyteller, he said, who didn’t seek to “poach” clients from other lobbyists and was very clear where his clients stood.

”He was a man of integrity,” Moore said. “That’s why people respected him, and why he got so many things passed.”

Former Gov. Dave Heineman described Radcliffe as “very professional, very knowledgeable and a very straightforward lobbyist.”

“I enjoyed working with him,” Heineman said.

Petition work got him in trouble

Radcliffe briefly got in trouble in 1986, when he was indicted for hiring and paying petition circulators seeking to get an issue on the statewide ballot to allow a state lottery. But the charge was dismissed on appeal. Paying petition circulators is now legal and commonplace in the state.

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Person signs petition
A Nebraskan signs a petition for a ballot initiative. (Courtesy of Rebecca S. Gratz)

Radcliffe received a liver transplant in 1999, but in recent years battled other health issues. Gilbertson said he entered hospice care on Thursday morning after battling an infection for several days. He died hours later from kidney failure and other health issues.

Flood said he spent many hours in Radcliffe’s office across the street from the Capitol as a young state senator and later as speaker, listening and learning about past lawmakers and speakers.

“It wasn’t like he was telling me what to do in a certain situation, but he’d say, ‘We had this same problem, and this is what a past speaker did,’ and how it worked or didn’t work,” Flood said.

“While he was an advocate, he wanted the Legislature to look good, too.”

Funeral arrangements are pending.

YOU MAKE OUR WORK POSSIBLE.

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Husker Football: NU Lucked Out With The Pinstripe Bowl

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Husker Football: NU Lucked Out With The Pinstripe Bowl


At first, Nebraska playing in a bowl in late December in New York City sounded  like a form of punishment rather than a reward for a successful season.

It’s true, playing in a balmy Florida, Arizona or California might be more appealing.   But consider this:  NU is playing  at noon this Saturday.  That’s great day and time for a college football game.

As a result, I believe a lot of people are going to be able to watch the game. TV viewers aren’t going to care a rip about the cold.  Most football fans think forty degrees is ideal football weather.  

Playing in Florida does have some advantages, but three early bowl games that were played in Florida weren’t seen by many people. Why?

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Bad dates and times.

Boca Raton Bowl (Boca Raton, FL)
Wednesday, December 18th 5:30pm (EST)  
Western Kentucky vs James Madison 

Staffdna Cure Bowl (Orlando, FL)
Friday, December 20th 12:00pm (EST)
Ohio vs Jackson State

Union Home Mortgage Gasparilla Bowl (Tampa, FL)
Friday December 20th 3:30 pm (EST)
Tulane vs Florida

Raise your hands if you watched any of those games.

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I didn’t think so.

My point is, playing in a cold clime in late December is not necessarily a bad thing.  The Pinstripe Bowl matchup between Nebraska and Boston College should be a TV ratings success.

The Pinstripe Bowl Matchup

To win the game, NU is going to have to:

1.)  Stop the Eagles’ running game and make them one dimensional,

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2.)  Move the chains consistently on offense.

3.)  Be able to pass on BC’s defense (BC is 111th pass defense)

4.)  Win the turnover battle (NU ranks 66th while BC is 21st)

If the Huskers are able to do those things, they will come back to Lincoln with another bowl trophy to add to its collection.

What’s a stake:  Win the game and NU ends the season with a winning record-its first since 2016.  Lose the game and NU limps into ’25 with a 6-7 record. 

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You may contact me at:  HuskerDan@cox.net

MORE: Analytics Preview: Nebraska Football vs. Boston College in the Pinstripe Bowl

MORE: 1962 Co-Captain, Gotham Bowl Veteran Dwain Carlson Joins the Common Fans

MORE: Nebrasketball Beats Oregon State, Wins Diamond Head Classic

MORE: Idaho Transfer Defensive Back Andrew Marshall Commits to Nebraska

MORE: Former NFL Running Back Leonard Fournette Shares Praise for Nebraska Quarterback Dylan Raiola

Stay up to date on all things Huskers by bookmarking Nebraska Cornhuskers On SI, subscribing to HuskerMax on YouTube, and visiting HuskerMax.com daily.



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Nebraska governor to undergo rib surgery after horse-riding incident – Washington Examiner

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Nebraska governor to undergo rib surgery after horse-riding incident – Washington Examiner


Gov. Jim Pillen (R-NE) will undergo a rib fixation procedure on Thursday after a horse bucked him off on Sunday.

Pillen, 68, will need to be under anesthesia while doctors install metal plates to stabilize his seven broken ribs. Lt. Gov. Joe Kelly will take on the role of acting governor during the surgery.

“Based on the Governor’s health profile and active lifestyle, his doctors consider him an ideal candidate for this procedure. Nebraska Medicine has emerged as a national leader in rib fixation operations,” the governor’s office wrote in a statement.

The governor was riding a new horse with his daughter, son-in-law, and granddaughter when he fell. In addition to his rib fractures, he suffered a partially collapsed lung, lacerations on his spleen and kidney, and a minor vertebrae fracture.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

“Gov. Pillen remains grateful for the exceptional care he is receiving by the team at Nebraska Medicine and thanks Nebraskans for their outpouring of support to him and his family during this time,” Pillen’s office wrote.

This surgery will result in Pillen remaining in the hospital for a few days following his surgery. He is prepared to continue to work from his hospital bed.

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