{"id":25647,"date":"2019-03-25T16:37:43","date_gmt":"2019-03-25T22:37:43","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=25647"},"modified":"2019-03-25T16:37:43","modified_gmt":"2019-03-25T22:37:43","slug":"additional-budget-requirements-clear-first-round","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=25647","title":{"rendered":"Additional budget requirements clear first round"},"content":{"rendered":"<p>Lawmakers gave first-round approval March 25 to a bill that would require the Legislature to analyze long-term fiscal sustainability by adding a new step to the budget process.<\/p>\n<figure id=\"attachment_20163\" aria-describedby=\"caption-attachment-20163\" style=\"width: 200px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"20163\" data-permalink=\"https:\/\/update.legislature.ne.gov\/?attachment_id=20163\" data-orig-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenVargas_inline.jpg\" data-orig-size=\"297,445\" data-comments-opened=\"0\" data-image-title=\"senvargas_inline\" data-image-description=\"&lt;p&gt;Sen. Tony Vargas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sen. Tony Vargas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenVargas_inline.jpg\" class=\"size-medium wp-image-20163\" src=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenVargas_inline-200x300.jpg\" alt=\"Sen. Tony Vargas\" width=\"200\" height=\"300\" srcset=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenVargas_inline-200x300.jpg 200w, https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenVargas_inline.jpg 297w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-20163\" class=\"wp-caption-text\">Sen. Tony Vargas<\/figcaption><\/figure>\n<p>LB713, sponsored by Omaha Sen. Tony Vargas, would require the legislative fiscal analyst to create additional revenue and budget reports throughout the biennium.<\/p>\n<p>The reports would include a revenue volatility report in even-numbered years, a budget stress test in odd-numbered years and a long-term budget for major programs every four years.<\/p>\n<p>Vargas, who is chairperson of the Legislature\u2019s Planning Committee, said the bill is the result of that committee\u2019s work. Research shows that states that engage in long-term budget planning are better able to address economic volatility, he said.<\/p>\n<p>\u201cNow that we have the information and data, the next step for us is to implement some of that planning,\u201d Vargas said. \u201cIn order to meet the needs of future Nebraskans, we have to start [preparing] now.\u201d<\/p>\n<p>Lincoln Sen. Mike Hilgers supported the bill, saying it would provide important tools for lawmakers going forward.<\/p>\n<p>\u201cParticularly in light of term limits and the turnover that we\u2019ve had in this body, I think it\u2019s important for us to be thinking about ways that we can take the long-term [view] and structurally set up the [Legislature] for success,\u201d Hilgers said.<\/p>\n<p>Senators voted 38-0 to advance LB713 to select file.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawmakers gave first-round approval March 25 to a bill that would require the Legislature to analyze long-term fiscal sustainability by adding a new step to the budget process.<\/p>\n","protected":false},"author":1,"featured_media":25627,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26],"tags":[184],"class_list":["post-25647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-executive-board","tag-sen-tony-vargas"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2019\/03\/LB713Vargas3-25-19a.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/25647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25647"}],"version-history":[{"count":2,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/25647\/revisions"}],"predecessor-version":[{"id":25649,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/25647\/revisions\/25649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/media\/25627"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}