Overview of Nebraska

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $10.95
• Budget Limit ($ Billions): $11.51
• Budget Limit Growth ($ Billions): 5.07%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $906.98
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $3,628
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $5,320.54
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $21,282.15

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $16.17
• Budget Limit ($ Billions): $16.99
• Budget Limit Growth ($ Billions): 5.07%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $613.08
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $2,452.32
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $2,212.42
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $8,849.67

Other Considerations

• Economic Freedom (2020) (Rank): 16 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $3,545 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 25 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $6,720 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 11.50% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 38 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 6.64% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 19 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 29 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 7.25% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 18 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 6.95% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 28 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.63% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 7 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 0 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 32 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $14,031 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 33 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 8.1 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 5 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 5.9 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 8 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 69.50% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 1 [Bureau of Labor Statistics]