Gov. Pete Ricketts says he will propose a balanced budget for the 2017-2019 biennium.
The governor and lawmakers are facing state revenue projections that are lower than current spending levels.
Still, Gov. Ricketts says he will try to reduce taxes.
“We’re going to be looking at property taxes as well as other forms of taxes,” Ricketts said at a news conference. “This is something that will be a conversation, but anything we do will have to fit within the confines of the budget.”
Agencies under the governor’s office are already dealing with a revenue shortfall in the current budget.
The University of Nebraska system also has a freeze on most hiring and travel.
Gov. Ricketts did not dismiss the idea of using the state’s Cash Reserve, or Rainy Day, fund may help out as well.
“I think the Rainy Day fund was meant for such times as right now,” he says, “and we will just manage all of that within the confines of the budget.”
That fund has a balance of a little more than $680.6 million dollars as of Dec. 5, 2016.
Lawmakers begin work in January on a new two-year spending plan.