PREPARED BY: John Wiemer
LB 625 DATE PREPARED: January 31, 2025
PHONE: 402-471-0051
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 $103,400 $101,600
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS $103,400 $101,600
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
Under LB 625, The Department of Revenue (DOR) shall develop, maintain, and make avai lable for public inspection on its website a
database of financi al information from all school districts in the state. The information required shall include, but not be limited to,
revenue sources, expenditures, and a balance sheet that contains all assets and liabilities, which ref lects all committed and
uncommitted funds. The Tax Commissioner shall designate an implementation date for such database which date is on or before
January 1, 2026.
School districts shall provide to the DOR such information as is necessary to develop and maintain the database. School di stricts shall
provide updated information to the DOR on an annual basis, and the DOR shall update the database no later than 30 days after
receiving any such information.
The bill adds that nothing in the bill requires the disclosure of information which is considered confidential under state or federal law or
is not a public record under section 84- 712.05.
The DOR estimates 1 FTE Tax Specialist Senior to implement the bill. There is no basis to disagree with this estimate.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 625 AM: AGENCY/POLT. SUB: Department of Revenue
REVIEWED BY: Kimberly Burns DATE: 01/30/2025 PHONE: (402) 471-4171
COMMENTS: Disagree with the Department of Revenue’s 2026-27 and 2027-28 estimate of fiscal impact. While a full
FTE may be needed during implementation, it is unlikely the ongoing maintenance and reporting of school district
financial information would require a full-time FTE.
TECHNICAL NOTE: The Department of Education publishes an Annual Financial Report through its website containing a
detailed listing of revenues and expenditures by school district.
LB 0625 Fiscal Note 2025
State Agency Estimate
State Agency Name: Department of Revenue Date Due LFO:
Approved by: James R. Kamm Date Prepared: 01/30/2025 Phone: 471-5896
FY 2025-2026 FY 2026-2027 FY 2027-2028
Expenditures Revenue Expenditures Revenue Expenditures Revenue
General Funds $ 103,400 $ 0 $ 101,600 $ 0 $ 101,600 $ 0
Cash Funds
Federal Funds
Other Funds
Total Funds $ 103,400 $ 0 $ 101,600 $ 0 $ 101,600 $ 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
A29622 Revenue Tax Specialist Senior 1.0 1.0 1.0 $74,000 $76,400 $76,400
Benefits…………………………………………………………………………………………………………. $24,400 $25,200 $25,200
Operating Costs………………………………………………………………………………………………….
Travel……………………………………………………………………………………………………………
Capital Outlay…………………………………………………………………………………………………... $5,000
Capital Improvements…………………………………………………………………………………………...
Total……………………………………………………………………………………………………………. $103,400 $101,600 $101,600
LB 625 creates a requirement for the Department of Revenue to develop, maintain, and publish to our website a
database of financial information from all school districts in the state. The financial information must, at a
minimum, include:
a) Revenue Sources;
b) Expenditures; and
c) Balance sheet that contains all assets and liabilities which shows all committed and uncommitted funds.
The Tax Commissioner will designate an implementation date for the database on or before January 1, 2026.
LB 625 requires the school districts to provide the necessary information to develop and maintain the database,
provided that information is not confidential and a public record under Nebraska Public Record Law (84- 712.05).
The Department will require 1.0 FTE Tax Specialist Senior to implement the bill.
The operative date for LB 625 is three months after adjournment of the Legislature.