The Reader: The Missing Argument
BY KANDRA HAHN
As federal deficits were the rage in the recent presidential election and both major political parties jockey for negotiating position ahead of the 2013 fiscal cliff, Nebraska’s tax projections took a positive turn. According to a new public policy institute, however, Nebraska is only having half the conversation it needs on taxes and budgets.
According to the Nebraska Economic Forecasting Advisory Board’s Oct. 27 report, recent revenue projections jumped by $231 million on strong economic growth, closing the projected 2013-2014 budget shortfall to nearly $400 million.
Closing that gap will be required in the next Unicameral session starting January 2013. A new non-partisan organization, the Open Sky Institute, aims to expand the conversation.