PREPARED BY: Bill Biven, Jr.
LB 711 DATE PREPARED: March 05, 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 $1,960,169 $2,486,812
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS $1,960,169 $2,486,812
Any Fiscal Notes received from state agencies and political subdivisions are attached f ollowing the Legislative Fiscal Analyst Estimate.
LB711 amends several sections to change the provisions relating to the new school adjustment & the certification dates within the Tax
Equity and Educational Opportunities Support Act (TEEOSA).
Currently, the second- year of the T wo-Year New School Adjustment amount is calculated at a weighed amount that is half of the first -
year amount. LB711 updates that calculated amount to be weighted the same as the first year.
LB711 creates a new certification date of June 15
th
, 2025 , & on or before March 1 for each year thereaft er.
Since an emergency exists, this bill takes effect when passed & approved according to law.
FISCAL IMPACT:
Current Estimate: LB711 Estimate: Change in TEEOSA:
FY2025-26 $1,192,430,823 $1,194,390,992 $1,960,169
FY2026-27 $1,183,038,649 $1,185,525,461 $2,486,812
FY2027-28 $1,201,494,910 $1,204,340,654 $2,845,745
FY2028-29 $1,220,904,874 $1,223,850,219 $2,945,346
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 711 AM: AGENCY/POLT. SUB: Nebraska Department of Education
REVIEWED BY: Kimberly Burns DATE: 02/18/2025 PHONE: (402) 471-4171
COMMENTS: The Nebraska Department of Education’s estimate of fiscal impact in fiscal year 2025-26 resulting
from LB 711 appears reasonable.
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 711 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
Nebraska Department of Education
Prepared by:
(3) Bryce Wilson Date Prepared:
(4)
2/10/25 Phone:
(5)
402-471-4320
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
$1,960,170 Unknown
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
$1,960,170 Unknown
Explanation of Estimate:
LB 711 changes the Two-Year New School Adjustment to provide the same weighting in the second year as is used
for the first year of the adjustment. Currently, the second- year amount of need calculated is half of the first -year
amount.
Adjustments provide formula need in the TEEOSA calculation for expenses that are not yet included in the districts
spending. It take s two years before new expenses are recognized in the formula so this change would hold
consistent the formula need for two years instead of stepping it down 50% after the first year.
Additionally, this bill would void any certification of 2025/26 TEEOSA done prior to the passage of this bill and
create a new certification date of June 15
th
.
The change to the Two-Year New School Adjustment will increase the TEEOSA funding required to be paid by
$1,960,170 for 2025/26 and an amount for 2026/27 that cannot be determined at this time. No fiscal cost to NDE.
_____________________________________________________________________________________________________ _
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…………………………………… ……... $1,960,170 Unknown
Capital improvements……………………...
TOTAL……………………………… ..... $1,960,170 Unknown