PREPARED BY: Bill Biven, Jr.
LB 461 DATE PREPARED: February 04, 2025
PHONE: 402-471-0054
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
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Any Fiscal Notes received from state agencies and political subdivisions are attached f ollowing the Legislative Fiscal Analyst Estimate.
LB461 amends §16- 1027 to change provisions relating to retiring firefighters.
For any firefighter whose retirement date is on or after January 1, 1997, the optional benefit forms for the retirement system wi ll include
annual payments, quarterly payments, monthly payments, or a single lump- sum payment of the firefighter's retirement value.
NO FISCAL IMPACT.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & PO LT. SUB. RESPONSE
LB: 461 AM: AGENCY/POLT. SUB: Department of Revenue
REVIEWED BY: Jacob Leaver DATE: 2/5/2025 PHONE: (402) 471-4173
COMMENTS: Concur with the Department of Revenue’s estimate of no fiscal impact as a result of LB 461.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 461 AM: AGENCY/POLT. SUB: Nebraska Public Employees Retirement Systems
REVIEWED BY: Jacob Leaver DATE: 1/29/2025 PHONE: (402) 471-4173
COMMENTS: Concur with the Nebraska Public Employees Retirement Systems’ estimate of no fiscal impact as a result
of LB 461.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 461 AM: AGENCY/POLT. SUB: City of Kearney
REVIEWED BY: Jacob Leaver DATE: 1/29/2025 PHONE: (402) 471-4173
COMMENTS: Concur with the City of Kearney’s estimate of no fiscal impact as a result of LB 461.
DMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 461 AM: AGENCY/POLT. SUB: City of Norfolk
REVIEWED BY: Jacob Leaver DATE: 1/29/2025 PHONE: (402) 471-4173
COMMENTS: Concur with the City of Norfolk’s estimate of no fiscal impact as a result of LB 461.
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 461 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
City of Kearney
Prepared by:
(3) Brad DeMers Date Prepared:
(4)
1/28/2025 Phone:
(5)
308-233-3210
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
-- --
Explanation of Estimate:
The enactment of the bill would not have a fiscal effect.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating………………………… ...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 461 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
City of Norfolk
Prepared by:
(3) Randy Gates Date Prepared:
(4)
1/29/25 Phone:
(5)
(402)844-2011
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
No Fiscal Impact.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITU RE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 461 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Public Employees Retirement Systems (NPERS)-
085
Prepared by:
(3) Teresa Zulauf Date Prepared:
(4)
1/28/25 Phone:
(5)
402-471-7745
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
0 0 0 0
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
0 0 0 0
Explanation of Estimate:
LB 461 – Changes provisions of the Cities of the First Class firefighters Retirement Act.
No fiscal impact to NPERS Agency 085 operations expenditures.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………………...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....
LB 461 Fiscal Note 2025
State Agency Estimate
State Agency Name: Department of Revenue Date Due LFO:
Approved by: James R. Kamm Date Prepared: 02/04/2025 Phone: 471-5896
FY 2025-2026 FY 2026-2027 FY 2027-2028
Expenditures Revenue Expenditures Revenue Expenditures Revenue
General Funds $ 0 $ 0 $ 0
Cash Funds
Federal Funds
Other Funds
Total Funds $ 0 $ 0 $ 0
Major Objects of Expenditure
25-26 26-27 27-28 25-26 26-27 27-28
Class Code Classification Title FTE FTE FTE Expenditures Expenditures Expenditures
Benefits………………………………………………………………………………………………………….
Operating Costs………………………………………………………………………………………………….
Travel……………………………………………………………………………………………………………
Capital Outlay…………………………………………………………………………………………………...
Capital Improvements…………………………………………………………………………………………...
Total…………………………………………………………………………………………………………….
LB 461 requires the retirement system to include the following optional benefit forms to firefighter who retire
after January 1, 1997: annual payments, quarterly payments, or monthly payments.
It is estimated that LB 461 will have no impact on the General Fund revenues.
It is estimated that there will be no costs to the Department of Revenue to implement this bill.
The operative date for this bill is three months after the adjournment of the legislature.