Nebraska 2024 1st Special Session

Nebraska Legislature Bill LR19CA

Introduced
7/29/24  
Refer
7/30/24  

Caption

Constitutional amendment to prohibit the state from increasing fiscal year spending beyond a limit based on inflation and population change unless approved by voters at a general election

Impact

Should LR19CA be enacted, it would significantly affect state budgeting processes and fiscal policies. By instituting a spending cap linked to inflation and population, the amendment aims to curtail excessive state expenditure, which supporters argue will enhance the financial stability of the state. This could lead to more prudent financial planning and allocation of resources, aligning the state's budget with the actual economic growth and needs of its citizens. In theory, it promotes a balanced approach to budgeting that could alleviate some taxpayers' burdens.

Summary

LR19CA is a proposed constitutional amendment aimed at regulating state fiscal practices by prohibiting any increase in fiscal year spending beyond a limit that is based on the rate of inflation and population changes. The amendment mandates that any exceptions to this spending cap require approval from voters during a general election. This measure is designed to instill fiscal discipline within state government and ensure that spending aligns more closely with the growth of the population and overall economic conditions.

Contention

The proposed amendment also raises points of contention among lawmakers and the public. Proponents believe that it will promote fiscal responsibility and limit government overreach into taxpayers' wallets. However, critics argue that linking spending to inflation and population changes may not adequately account for the unique financial needs that may arise during economic downturns or specific crises, such as public health emergencies. They fear that this could lead to underfunding of essential programs and services during times when they are most needed, thus sparking a broader debate about the best approach to state governance and financial management.

Companion Bills

No companion bills found.

Previously Filed As

NE LR280CA

Constitutional amendment to remove the Attorney General and the Secretary of State from the Board of Pardons

NE LR22CA

Constitutional amendment to change legislative term limits to three consecutive terms

NE LR17CA

Constitutional amendment to prohibit the death penalty

NE LR278CA

Constitutional amendment to change the membership of the State Board of Education

NE LR28CA

Constitutional amendment to change the membership of the State Board of Education

NE LR3CA

Constitutional amendment to provide for nonpartisan nomination and election of the Governor, Lieutenant Governor, Attorney General, Secretary of State, Auditor of Public Accounts, and State Treasurer

NE LR29CA

Constitutional amendment to provide term limits for the members of the State Board of Education

NE LR23CA

Constitutional amendment to prohibit the levying of an inheritance tax

NE LR6CA

Constitutional amendment to prohibit governmental entities from imposing any taxes other than retail consumption taxes and excise taxes

NE LR19CA

Constitutional amendment to protect the right to reproductive freedom and prohibit the state from taking adverse action for exercising or assisting in the exercise of such right

Similar Bills

No similar bills found.