OMAHA, NE — In response to today’s Nebraska Economic Forecasting Advisory Board meeting, State Senator Heath Mello (District 5, Omaha) released the following statement:
“Today’s announcement that our projected budget deficit has grown to roughly $1.4 billion shows that our state government has been wearing rose-colored glasses because it’s an election year. The lower-than-projected April and July tax receipts were warning signs for us to consider cutting spending this year instead of waiting until January 2011.
I’ve said since April that Nebraskans need to be made fully aware of the serious fiscal crisis that faces our state, and suggested that the Governor and Legislature hold a special session this summer to reduce spending. Unfortunately, we’ve seen election-year concerns win out over smart, fiscal policy.
With the budget deficit now ballooning to almost $1.4 billion, I plan on requesting the Legislature’s Appropriations Committee to begin holding public hearings to gather input on reducing state agencies budgets line-item by line-item.
I only hope that Governor Heineman, like some in the Legislature, saw this fiscal crisis coming and that he has developed a plan to balance the budget without raising taxes.”
FOR IMMEDIATE RELEASE
October 29, 2010
For More Information:
Sen. Heath Mello