Budget Shortfall Looms over Nebraska
The regular session of the
Nebraska Legislature begins January 7, 2004 and
concludes in mid-April. Funding for essential
microenterprise services has paid major economic
development dividends in the state and is urgently
needed across rural Nebraska.
BY JEFF REYNOLDS, RURAL
ENTERPRISE ASSISTANCE PROJECT (REAP) PROGRAM DIRECTOR
Nebraska and a number of other states face unprecedented
budget woes. The current two-year budget, which began on
July 1, 2003, included $344 million in tax increases.
The economic forecasting board, which meets three times
a year, uses economic and other data to predict state
tax revenue. [more]