PREPARED BY: Suzanne Houlden
LB 460 DATE PREPARED: February 20, 2025
PHONE: 402-471-0057
Revision: 00
FISCAL NOTE
LEGISLATIVE FISCAL ANALYST ESTIMATE
ESTIMATE OF FISCAL IMPACT – STATE AGENCIES (See narrative for political subdivision estimates)
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS See below See below
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB 460 creates the Nebraska Council on Economic Education Cash Fund. The fund would be managed by the University of Nebraska
(NU) Board of Regents. It transfers $600,000 from the State Settlement Cash Fund to the newly created fund on or before July 1, 2025
[Sec. 2 (7)]. LB 460 also states intent to appropriate $300,000 to the NU Bo ard of Regents for each year of the upcoming biennium to
be used for expenses re lated to the Nebraska Council on Economic Education within the University of Nebraska.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 460 AM: AGENCY/POLT. SUB: Attorney General
REVIEWED BY: Kimberly Burns DATE: 02/07/2025 PHONE: (402) 471-4171
COMMENTS: Disagree with the Attorney General’s estimate of impact from LB 460. The transfer from the State
Settlement Cash Fund would result in a revenue loss instead of an expense increase. Additionally, as written, the
transfer would occur before the conclusion of the current fiscal year.
TECHNICAL NOTE: The current appropriation language is expressed as intent. The fiscal impact assessment assumes
an accompanying A-bill articulating appropriation in accordance with §49-804.
0460Create the Nebraska Council on Economic Education Cash Fund and
provide for a transfer from the State Settlement Cash Fund
__________________________________
EXPENDITURESEXPENDITURES
NUMBER OF POSITIONS
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1)
FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
University of Nebraska System
Prepared by:
(3)
Anne Barnes Date Prepared:
(4)
02/24/2025 Phone:
(5)
(402) 559-6300
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025 - 26 FY 2026 - 27
EXPENDITURES REVENUE
GENERAL FUNDS
0.00 0.00
CASH FUNDS
0.00 0.00
FEDERAL FUNDS
300,000.00 0.00
OTHER FUNDS
0.00 0.00
TOTAL FUNDS
300,000.00 0.00
EXPENDITURES REVENUE
0.00 0.00
0.00 0.00
300,000.00 0.00
0.00 0.00
300,000.00 0.00
Explanation of Estimate:
LB 460, if passed, would appropriate $350,000 in FY25-26 and $350,000 in FY26-27 in cash funds from the proposed Nebraska Council on
Economic Education Cash Fund to the University of Nebraska Board of Regents for the purposes of expenses related to the Nebraska Council on
Economic Education housed within the University of Nebraska.
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
Benefits..............................................
Operating...........................................
Travel.................................................
Capital outlay....................................
Aid...................................................
Capital improvements........................
TOTAL......................................
25 - 26
0
0
26 - 27
0
0
2025 - 26
300,000.00
300,000.00
2026 - 27
300,000.00
300,000.00