Nebraska lawmakers propose $130 million transfer from cash reserve to help close budget gap

By: Erin Bamer

Outlets: Nebraska Examiner

Published: February 28, 2026

Words: 419

Last Updated: 1 week, 5 days ago

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LINCOLN — After new economic forecasts grew Nebraska’s projected budget deficit by roughly $175 million, lawmakers turned to the state’s rainy day fund to help fill the gap.

The Legislature’s Appropriations Committee voted 8-0 Friday to recommend pulling $130 million from the state’s cash reserve to help plug the budget hole. Though Gov. Jim Pillen asked lawmakers to avoid using the reserve this session, Appropriations Chair State Sen. Rob Clements of Elmwood said the committee …

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