Tax Relief

Tax breaks, prisons and water coverage are on the governor’s precedence checklist – unicameral replace

Gov. Pete Ricketts revealed his upcoming budget and legislative priorities in his January 13 State of the State address to lawmakers. Key priorities outlined by the governor include property tax breaks, construction of a new state prison and a new water reservoir system.

“Over the years, the guiding principle of my administration has remained the same: to grow
Nebraska,” Ricketts said. “And despite the weathering of floods, fires and a global pandemic, we have
done just that.”

By the end of fiscal 2023, he said, Nebraska is expected to have an estimated $1.5
billions in his Cash Reserve Fund.

“This is people’s money and we need to support tax breaks that put that money back into money
People’s pockets,” Ricketts said.

Accelerate the phase-in of social security tax exemptions to five years instead of the current one
Ten-year period would allow older Nebrascans to keep more of their hard-earned money, he said.
In addition, according to Ricketts, the individual tax rate should be reduced by one percent compared to the previous year
next five years.

Citing public safety concerns, the governor proposed spending $16.9 million to improve the state
Crime Lab and an additional $47.7 million to expand law enforcement training
Center in Grand Island, in addition to funding a new state penitentiary.

“The existing state prison was built over 150 years ago. Its walls are crumbling and so is his
Infrastructure has aged beyond a simple repair. A modern facility will allow our occupants to live a better life
Quality of life,” said Ricketts.

The governor also recommended spending $500 million to build a canal and a reservoir
System from the South Platte River to protect quality drinking water and maintain power generation
manageable costs and ensure farm and ranch production.

“If we don’t secure our supply from the South Platte River, we could expect to lose 90 percent
of the water that’s coming to us from Colorado right now,” he said. “We must act to preserve
Protect, manage and manage our water supply for our future Nebrascans.”

Ricketts’ proposed budget also includes an additional $200 million for water projects that will be unveiled
through nationwide tourism and recreational water access and resource sustainability
Committee, also known as STAR WARS, which he said would secure access to water and
promote state tourism.

Finally, the governor proposed a series of one-off initiatives to allocate Nebraska’s $1.04
Billion share of federal funding for coronavirus relief funds from American Rescue Plan Act. Among his
Priorities are securing funds for low-income children who have experienced learning disabilities
the pandemic and funding behavioral health and nursing incentives.

“I look forward to the challenge, opportunity and honor of working with you,” said Ricketts.
“Remember, Nebraska is what America is meant to be.”

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