Proposed Budget - Fiscal Years 2026-2027
On January 15, Nebraska Governor Jim Pillen released his recommended budget for the 2026-2027 biennium. Spending from all funds is recommended at $18.94 billion in fiscal 2026, a 5.0 percent increase from fiscal 2025, and $18.95 billion in fiscal 2027, a 0.5 percent increase from fiscal 2026. The budget recommends a two-year average decrease in general fund spending of 0.5 percent, with fiscal 2026 at $5.38 billion (a 1.7 percent decrease from fiscal 2025), and fiscal 2027 at $5.42 billion (a 0.8 percent increase over fiscal 2026). Nominal growth in general fund net receipts is estimated to increase by 9.7 percent in fiscal 2026 compared to fiscal 2025. The governor’s recommendation provides an unobligated balance of $755.7 million, or 13.9 percent of General Fund appropriations in the Cash Reserve Fund in addition to the minimum General Fund reserve of $388.5 million at the end of the biennium.