Kansas' Self-Inflicted Budget Wound Continues To Bleed Out, Providing A Cautionary Tale For Nebraska

Recently, some Nebraska legislators have been discussing plans to pair property and income tax cuts during the upcoming 2017 legislative session.  Nebraska already faces a budget shortfall of over $350 million through the next budget cycle that ends in 2019, due to declining tax revenues resulting from income tax cuts of years past.  Cutting both property and income taxes simultaneously would cripple the budgets of Nebraska’s schools, as well as those of its cities and counties, and the state itself.  Nebraskans only have to look to their neighbors to the south to see the folly of such imbalanced tax plans.

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