Proposed Budget - Fiscal Years 2024-2025
On January 25, Nebraska Governor Jim Pillen released his recommended budget for the 2023-2025 biennium. Spending from all funds is recommended at $14.09 billion in fiscal 2024, a 3.7 percent decrease from fiscal 2023, and $13.96 billion in fiscal 2025, a 0.88 percent decrease from fiscal 2024. The budget recommends two-year average growth in general fund spending of 1.3 percent, with fiscal 2024 at $5.29 billion (a 2.5 percent increase over fiscal 2023), and fiscal 2025 at $5.291 billion (a 0.01 percent increase over fiscal 2024). Nominal growth in general fund net receipts is estimated to increase by 0.46 percent in fiscal 2024 compared to fiscal 2023. The governor’s recommendation provides an unobligated balance of $1.6 billion or 31 percent of General Fund appropriations in the Cash Reserve Fund at the end of the biennium.