Healthy cash reserve sets up Nebraska tax debate - Scottsbluff Area News, Sports, and Weather

Healthy cash reserve sets up Nebraska tax debate

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Nebraska's healthy cash reserve has set the stage for a legislative debate over what to do with the excess money.
Three lawmakers argued that Nebraska should offer temporary property-tax relief by funneling millions into a state tax-credit fund. Two others urged the Appropriations Committee to use $50 million to keep Nebraska's long-term water supply sustainable.
Some lawmakers argue that reducing the cash reserve by too much could leave the state vulnerable in another economic downturn.
Nebraska's current cash reserve holds $679 million. It's projected to increase to $725 million by July 1.

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