Gov. Heineman Comments on Forecasting Board Report

(Lincoln, Neb.) Gov. Dave Heineman today issued a statement following the Nebraska Economic Forecasting Advisory Board’s report revising last year’s prediction that state revenue will continue to grow.

The board estimates that state revenue will be $81 million less in the current year, down $150 million in FY 2009-10 compared with previous estimates, and $131 million lower than previous estimates for FY 2010-11.

“This revenue forecast clearly demonstrates that the national economic slowdown is impacting Nebraska. The key to Nebraska’s future is controlling expenditures. State government will have to tighten its belt.

“I plan to work closely with the Appropriations Committee to ensure that state government balances its budget. While the slowing economy presents challenges, I am optimistic that we can continue to move forward as a state.”