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Gov. Ricketts Vetoes $56.5 Million in Spending to Protect the Budget

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Media Contacts:

Taylor Gage, 402-471-1970

Eric Maher, 402-471-1974

 

 

LINCOLN – Today, Governor Pete Ricketts announced he had vetoed a total of $56.5 million in spending from the state budget.  On Monday, the Governor returned LB 327e and LB 331e with his signature, but with line-item reductions.  Governor Ricketts pointed to the state’s continued decline in revenues in recent months and cautioned against taking the minimum cash reserve lower than 3 percent to allow more spending.  

 

“The state’s revenue picture continues to worsen, and we must take responsible steps to tighten our belts,” said Governor Ricketts.  “The budget I received from the Legislature increases the gas tax and relies on budget gimmicks.  To prevent a tax increase and protect the budget, I have vetoed a total of $56.5 million.  These are thoughtful and measured reductions, and I urge the Legislature to sustain these vetoes.”

 

Key facts about the Governor’s vetoes:

  • They reduce various state agency appropriations by a half of a percent (0.5).
  • Some programs and agencies are excluded, including those already reduced by 3 percent or more.
  • The budget, after line item vetoes, protects the property tax credit relief fund, Corrections reform, public safety, and state aid to K-12 schools.

 

On Friday, the Governor had returned LB330e to the Legislature with his signature and with a line-item reduction to delay Capitol renovation funding that is not immediately needed.  A copy of the Governor’s full veto messages from today and Friday can be found by clicking here

Gov. Ricketts Vetoes $56.5 Million in Spending to Protect the Budget

LB327e Veto Letter.pdf

LB330e Veto Message.pdf

LB331e Veto Letter.pdf

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