LINCOLN, Neb. — Nebraska lawmakers on Friday proposed a new budget plan in an attempt to help close the state's budget gap.
The Nebraska Examiner reports lawmakers approved a proposal to transfer $130 million from the state's cash reserve. They also approved small last-minute cuts.
This comes as the state forecasting board has decreased projected revenue receipts for the upcoming fiscal year. Nebraska senators have until March 25 to get a balanced budget proposal to Governor Pillen, who has advised against tapping into the cash reserve.
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