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Office of Governor Pete Ricketts

Gov. Ricketts Announces Nebraska Leads the Nation in Two Major Financial Health Measures

Media Contacts:

Taylor Gage, 402-471-1970

Luke Robson, 402-471-1967

 

 

Nebraska boasts the least state debt, lowest level of gambling addiction.

 

LINCOLN – Today, Governor Pete Ricketts commented on two new studies showing Nebraska has the least state debt per capita and the lowest level of gambling addiction in the nation.

 

“Financial responsibility is a core value for Nebraska’s families, communities, and the state,” said Governor Pete Ricketts.  “At the state level, this is reflected in our commitment to a balanced budget, which protects taxpayers against the kinds of unsustainable financial commitments other states make.  These rankings are the result of generations of Nebraskans working together to build strong families and communities.”

 

A new report from Moody’s revealed that Nebraska has the lowest total net tax-supported debt (NTSD) of any state.  According to the report, Nebraska holds only $20 of NTSD per-capita.  NTSD is defined, according to Moody’s, as debt secured by state taxes or other operating resources which could otherwise be used for state operations, net of obligations that are self-supporting from pledged sources other than state taxes or operating resources.  Holding a high level of NTSD places a state at risk of insolvency when the debts are due.  Nebraska’s low NTSD is a sign of strong fiscal health, a good indicator for businesses looking to move to the state.

 

Additionally, Nebraska ranked 50th in WalletHub’s “Most Gambling-Addicted States.”  The study used a “data set of 19 key metrics [ranging] from presence of illegal gambling operations to lottery sales per capita to share of adults with gambling disorders.”  Full details about the WalletHub study can be found here.

 

“The Nebraska Gamblers Assistance Program offers free and confidential counseling to Nebraskans and their families with a gambling problem,” said Commission on Problem Gambling Director David Geier.  “But we do not want to wait until our citizens get into so much financial and family trouble to get help.  This year, we launched the BetCareful.com campaign to help Nebraskans understand gambling risks, how to avoid a gambling problem before it sinks its teeth into you.  Kids in Nebraska start gambling young, so they need to get the message very early that the gambling industry is happy to take them for everything they have.”

 

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