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(Neb)-Ricketts Unveils Budget Vetoes - updated

By: John Axtell Posted at: 05/15/2017 10:57 AM
LINCOLN, Neb. (AP)  - Nebraska Gov. Pete Ricketts has line-item vetoed $56.5 million in state spending during the next two years, calling them a thoughtful and measured approach to continued declines in revenue.

       His vetoes cut half-a-percent from most state agencies, including $5.7 million over two years from the University of Nebraska, but not those who've already had their budgets cut at least 3% or funding for the Department of Correctional Services, K-12 education and the property tax credit relief fund.

      Ricketts also reduced the amount transferred from a highway fund to avoid increasing the state's gas tax, characterizing the transfer as one of the "gimmicks" used by the Legislature to balance the budget instead of making difficult cuts.

        He also said his cuts would eliminated the need to cut the state's cash reserve from 3% of the budget to 2.5%...another of the "gimmicks" he attacked.

      Senator John Stinner of Gering, chairman of the budget-writing Appropriations Committee, says it will meet tomorrow to decide which, if any, of the vetoes to try to override. 30 votes are needed to override a veto.
 

                              ORIGINAL STORY
Nebraska Governor Pete Ricketts has until midnight tonight to make any line-item vetoes on the state's mainline budget bill and two smaller budget bills, all passed by the Legislature last week, but he's not waiting that long.

       The governor has scheduled a news conference at 1:00 MT in the Capitol to announced his decisions, but still isn't giving any hints on what, if any, line-item vetoes he will issue.

      On Friday, Ricketts vetoed $11-million dollars from the capital construction bill, the other bill in the 2-year $8.9-billion dollar budget package.

       State Budget Administrator Gerry Oligmueller will join the governor for his news conference, which will be streamed live on the NET website - NETnebraska.org.


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