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  • About
    • Membership
    • News >
      • NBA Membership Update
    • Boards and Committees
    • Alice Dittman Trailblazer Award
    • NBA Foundation >
      • Scholarships
    • Leadership Program
    • Staff Directory >
      • Contact Us
  • Workforce
    • Student Membership
    • Careers
    • Post Job Openings
  • Advocacy
    • Legislative Update
    • BankPAC
    • Comment Letters
  • Compliance
    • Handbook
    • Compliance Update
    • Compliance Alliance
  • Education + Events
    • Event Calendar
    • In-person Events/Training
    • Webinars
    • ABA Training
    • Banking Schools
    • CYBERSECURITY TRAINING
    • Sponsorships and Exhibits
    • Young Bankers (YBON)
  • Insurance
    • Agency Services >
      • Commercial Insurance
      • Personal Insurance
      • Livestock, Irrigation and Farm Insurance
      • Surety Bonds
    • Bank Property & Liability >
      • GloveBox - Bank Property & Liability
    • Financial Institution Insurance >
      • GloveBox - Bank Property & Liability
    • Benefit Plans
  • Bank Resources
    • Preferred Vendors
    • Associate Members
    • Marketing Resources
    • Financial Literacy
    • Single Bank Pooled ​Collateral Program
    • Bank Security
    • Compensation & Benefits Survey

LEGISLATIVE uPDATE

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May 12, 2025

5/12/2025

 
​109th Legislature, 1st Session

Budget Debate Underway

​The Nebraska Legislature spent the majority of last week debating the budget, which was sent to the floor from the Appropriations Committee on April 29th. As noted in last week’s update, the Nebraska Economic Forecasting Advisory Board’s recent meeting added approximately $190 million to the current budget cycle deficit. Debate will continue today over the budget bills, as Senators have until day 80 – May 15 – to pass the budget. After already passing a number of revenue-generating bills, the remaining shortfall will likely be covered through a combination of cuts, one-time cash fund transfers, and a transfer from the Cash Reserve Fund. A number of other revenue-generating bills, including LB 169 and 170, introduced by Senator Tom Brandt (Plymouth), likely won’t be debated until after the budget is passed. LB 169 would impose new sales taxes on 18 so called “luxury” items, and LB 170 would impose sales taxes on soda and candy. Additionally, measures have been advanced to increase taxes on cigarettes, nicotine, and vape products.

Priority Bills Advanced Quickly

​After completing first-round debate on the budget bills on Tuesday and Wednesday, Senators took up debate on a number of priority bills to close out the week. The Legislature advanced over 20 priority bills on Thursday and Friday. Senators also advanced three of the budget bills and fifteen “Consent Calendar” bills.
 
This included LR 19CA, introduced by Senator Rob Dover (Norfolk). LR 19CA would amend the Nebraska Constitution to extend term limits for Senators from two terms to three terms. If advanced on Final Reading, the question would be placed on the 2026 election ballot.

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