Gov. Ricketts Vetoes $56.5 Million in Spending to Protect the Budget
Posted By: Channel 8 Eyewitness News
LINCOLN – Monday, Governor Pete Ricketts announced he had vetoed a total of $56.5 million in spending from the state budget. On Monday, the Governor returned LB 327e and LB 331e with his signature, but with line-item reductions. Governor Ricketts pointed to the state’s continued decline in revenues in recent months and cautioned against taking the minimum cash reserve lower than 3 percent to allow more spending.
“The state’s revenue picture continues to worsen, and we must take responsible steps to tighten our belts,” said Governor Ricketts. “The budget I received from the Legislature increases the gas tax and relies on budget gimmicks. To prevent a tax increase and protect the budget, I have vetoed a total of $56.5 million. These are thoughtful and measured reductions, and I urge the Legislature to sustain these vetoes.”
Key facts about the Governor’s vetoes:
- They reduce various state agency appropriations by a half of a percent (0.5).
- Some programs and agencies are excluded, including those already reduced by 3 percent or more.
- The budget, after line item vetoes, protects the property tax credit relief fund, Corrections reform, public safety, and state aid to K-12 schools.
On Friday, the Governor had returned LB330e to the Legislature with his signature and with a line-item reduction to delay Capitol renovation funding that is not immediately needed. A copy of the Governor’s full veto messages from today and Friday can be found by clicking here.