KLKN-TV: News, Weather and Sports for Lincoln, NE; KLKNTV.comGovernor Signs Massive Budget Cutting Package
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Nebraska Gov. Dave Heineman has approved a massive package of spending cuts to close a $334 million budget gap caused by lower-than-expected state revenue.
Heineman announced his approval of the plan on Friday shortly after lawmakers gave it overwhelming approval. He did not veto anything in the package.
The cuts will be spread over the remainder of this fiscal year, which ends in July, and next fiscal year. The plan hinges on across-the-board budget cuts to most state agencies of 2.5 percent this fiscal year and 5 percent next fiscal year.
Officials may not know the effects of the cuts until January. Also, K-12 public schools will get about $34 million less next year than they expected. The package does not contain tax increases.
