Nebraska’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $2.4 billion higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $10.0 billion too much.
  • The 2023 all funds budget is $4.2 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $14.4 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $12.17
  • FY 2025 Only State Funds Budget Limit ($ Billions): $12.86
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 5.61%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $1,189
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $4,754
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $5,075
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $20,301

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $17.80
  • FY 2025 All Funds Budget Limit ($ Billions): $18.80
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 5.61%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 2122.146452
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 8,489
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 7,300
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 29,199

Other Considerations