Gov. Pete Ricketts touts tax relief, economic growth

Dan Fleuette

Nebraska Gov. Pete Ricketts promised to try again to deliver tax relief he says Nebraskans are demanding.

"Well it's part of our property tax cuts and opportunity act we have development dollars available to make sure we continue to have the right trained skilled workforce here in Nebraska".

Nebraska Governor Pete Ricketts takes time to greet Terrytown mayor Kent Greenwalt (left), Scotts Bluff County Commissioner chair Mark Masterton and Scottsbluff mayor Randy Meninger Wednesday before addressing a crowd at West Nebraska Regional Airport.

"It's true that we're losing a lot of young people", Morfeld said, "but the governor didn't mention that many of them choose to leave because of things like a lack of transportation options and civil rights issues".

Individuals and businesses from across the USA are taking note, Ricketts said. Ricketts plan includes across the board cuts of 2 percent and 4 percent over then next two years.

The revised gubernatorial plan, which will be sponsored by Revenue Committee Chairman Jim Smith of Papillion, was unveiled Wednesday in the governor's State of the State address to the Legislature.

Ricketts attributed the growth to worldwide trade partnerships, growing investments in Nebraska's workforce and transformations to state government in the form of slowed growth and greater efficiency to citizens - what he calls a "more customer-focused" approach.

"Folks, this matters because when companies move here and invest, they create job opportunities for people", he said.

When state revenues reach certain benchmarks, triggers are in place to increase the amount of credits.

A trip to Canada in August helped snag a small plant for Agri-Plastics in Sidney that has created 20 jobs, Ricketts said, while the Denmark-based Novozymes launched a new investment in Blair after state leaders visited.

Sen. Patty Pansing Brooks of Lincoln also expressed some concern regarding the governor's intentions for tax relief and the budget.

"Eric told me Kawasaki is great for Lincoln", Ricketts said. "Besides the good-paying jobs and investment, Kawasaki supports local charities and uses local vendors". "That is heartbreaking", Ricketts said. "I'm excited to report that over half the American beef in China now comes from Nebraska", Ricketts said. He added Nebraska is seeing investment from companies such as Cargill, Facebook, Hudl and Novomynes.

Ricketts added that over the next 10 years, the state expects the bill to provide more than $4 billion in property tax relief to ag producers and home owners.

- Cuts income taxes, redistributes property tax credits. "In October, the Nebraska Economic Forecasting Advisory Board met and reduced our revenue forecast by about $223 million - $100 million this year and $123 million the next year". Paid for by eliminating existing property tax credit and personal property tax exemption programs.

The governor's proposal would reduce state spending for the two-year budget period to $8.81 billion, down from the $8.86 billion figure approved last year.

"We'll be seeing a lot of debating", Ebke said, "but it will be worth it".

"Nebraska is a pro-life state, and the state's budget should reflect those values", Ricketts said.

JOB CREATOR REFORM: Converts existing tax credits going to businesses to reduce the state's business tax rates from 7.81 percent to 6.69 percent to make Nebraska more competitive. Ricketts praised lawmakers from both sides of the political aisle for their efforts a year ago to bring him "many great things".

Nebraska's property and income tax rates are nationally uncompetitive.

Related News:

  • Hina Khan speaks bad about Shilpa Shinde and disappoints yet again

    Hina Khan speaks bad about Shilpa Shinde and disappoints yet again

    After that, Akash apologises to everyone. "It's the best show ever and I wanted to make sure that it keeps on getting good TRPs". But the one who made her intentions much clear on the premiere episode itself was Babiji Ghar Par Hai fame Shilpa Shinde .
    Zuma's future not on agenda of ANC NEC - Magashule

    Zuma's future not on agenda of ANC NEC - Magashule

    The ANC's NEC, which was elected at the party conference in December, is meeting in the quiet coastal town of East London.
    Macron says China will buy 184 Airbus jets

    Macron says China will buy 184 Airbus jets

    French Finance Minister Bruno Le Maire, who travelled with Macron, told reporters he has rejected "many" Chinese projects in France.
  • North Korean diplomats fear war with US

    I just don't want to comment", adding that his attitude towards North Korea is intentional and part of a broader goal. Trump offered no details and asked whether he had spoken with Kim, said: "I don't want to comment on it.
    Transgender Big Brother star Rebekah Shelton is NOT dead

    Transgender Big Brother star Rebekah Shelton is NOT dead

    One of the most loveable BB housemates. "You can't see what I've been through; you can't see my heart or feelings". This person can't accept the fact I'm happy, I overcame all my problems and I'm finally happy.
    Pistons Reportedly Eyeing Trade For Bulls' Mirotic

    Pistons Reportedly Eyeing Trade For Bulls' Mirotic

    New York Times NBA reporter Marc Stein reported on Tuesday that the Pistons and Jazz are expressing interest in Mirotic. The second year of the deal is a team option, making him an unrestricted free agent in the summer of 2019.
  • Michigan State vs. Rutgers - 1/10/18 College Basketball Pick, Odds, and Prediction

    Michigan State vs. Rutgers - 1/10/18 College Basketball Pick, Odds, and Prediction

    MSU played fairly well for much of the first half before allowing the Buckeyes to make 18 of their last 26 shots in the game. Are you really that screwed up that you think we're just some powerhouse that can do all that? "We want to keep striding".

    Best stocks to buy - The Charles Schwab Corporation (NYSE:SCHW)

    Prescott Group Capital Management L.L.C. holds 2.09% of its portfolio in Net 1 UEPS Technologies, Inc. for 1.05 million shares. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.06% in The Charles Schwab Corporation (NYSE:SCHW) or 96,927 shares.
    Leonard pours in 25 to carry Spurs over Knicks

    Leonard pours in 25 to carry Spurs over Knicks

    But Ginobili started signaling actively, stopping the game, allowing the referees to look at the recording of the shot. The Knicks host the San Antonio Spurs on Tuesday, Jan. 2, 2018, at Madison Square Garden.
  • Art, Style & Design! Gucci's Interactive

    Art, Style & Design! Gucci's Interactive "Gucci Garden" In Florence

    Bottura is the dynamic mastermind behind the three-Michelin-starred eatery Osteria Francescana in the Italian city of Modena. This coming together of fashion, culture and food is the brainchild of Alessandro Michele, the creative director of Gucci.
    Smartron tphone P with 5000mAh battery for Rs 7999

    Smartron tphone P with 5000mAh battery for Rs 7999

    In conclusion, the t.phone P is a smartphone that has a mighty battery life and a design language that has been tried and tested. While the rear side features a 13MP sensor with support for LED Flash, the front-facing camera offers a 5MP sensor.
    Quake  of magnitude 5.6 strikes western Iran

    Quake of magnitude 5.6 strikes western Iran

    Iran sits atop several fault lines and has been hit by a series of earthquakes in recent weeks. Earlier in the morning, a 5.1-magnitude quake had rattled Kerman province in southern Iran .


Most liked

Where is Ellen DeGeneres' house in Santa Barbara, California — Montecito mudslide MAP
The daytime TV host revealed the news of his death to her audience during The Ellen DeGeneres Show on Thursday (January 11). Some people have been trapped by the mudslides triggered by a combination of fire, wind, heavy rain and erosion.

Sevilla interested in signing Chelsea forward in January
Especially as one of his strikers may be angling for a move away from Stamford Bridge for the rest of the season. As per Goal , Conte wants to sign a striker this month before Batshauyi can be loaned out.

PUBG Corp. Announces Free BP to Compensate Players for Recent Currency Issue
Sort it out, the game is ruined, stop just thinking about making money all the time. Players can use this while their characters exit the plane and use a parachute .

How Your Favorite Celebs Rang in 2018
Odds are you spent New Year's Eve binging Netflix while eating a full pizza, but that's not exactly how Selena Gomez rang in 2018. It's covered in quilted napa leather and bold color-blocking gives it a graphic feel that's as modern as it is timeless.

Sector Highlights- The Coca-Cola Company (NYSE:KO), DISH Network Corporation (NASDAQ:DISH)
The Coca-Cola accounts for approximately 0.6% of Prudential Financial Inc.'s portfolio, making the stock its 26th biggest holding. Currently, 0.77% of The Coca-Cola Company (NYSE:KO) are owned by insiders with 65.70% six-month change in the insider ownership.

Och-ziff Capital Management Group LLC (NYSE:OZM) Institutional Investors Quarterly Sentiment
Keefe Bruyette & Woods downgraded the shares of OZM in report on Wednesday, November 4 to "Market Perform" rating. Och-Ziff Capital Management Group LLC (NYSE: OZM ) has declined 36.39% since January 9, 2017 and is downtrending.

Turkey rejects United States court ruling on Turkish banker
Although US prosecutors have criminally charged nine people, only Zarrab and Atilla have been arrested by US authorities so far. The bank has denied any wrongdoing and said its transactions were in line with local and worldwide regulations.

Curry returns, leads Dubs over Grizzlies, 141-128
The ability to create for others spread the offense, collapse the defense... making food taste better than it was before. Even the Warriors announcers noted how playing with that kind of pace is important to Golden State's attack.

Texans looking to extend contract of coach Bill O'Brien
Gaine is finally getting his shot at running an National Football League franchise after his eighth interview for an opening. Gaine worked on four drafts and free-agent periods for the Texans before he left for Buffalo in May of a year ago .

Former WWE Women's Champion is returning for the Royal Rumble
The women's Rumble is set to consist of 30 competitors, just like the men's, but there aren't 30 females now on the main roster. Holly left WWE in 2005 and made a one-time appearance for a 25-Diva Battle Royal at WrestleMania 25 in 2009.

Hyundai Looks Ahead with Latest Hydrogen Vehicle
The all-new Nexo is part of Hyundai's "Hydrogen Life Vision", which aims to integrate hydrogen as a home energy source. The SUV is built on a dedicated fuel cell platform rather than a modified version of existing architecture.

Pokemon GO shunted out from non iOS 11 devices
But more than likely, because of the version number, iOS 11 .2.5 focus on smaller bug fixes and behind-the-scenes improvements. So far, the only notable new feature is that Siri will play news-oriented podcasts when asking about current events.

USA spy satellite, code-named Zuma, fails to reach orbit
He said a number designation was assigned by federal space trackers, but that doesn't mean there is anything still in orbit. The launch broadcast ended commentary five minutes into the flight, due to the secretive nature of the US satellite.

Death threat received to the Sultan of Bollywood 'Salman Khan' by Gangster
The gangster has previously been charged for many murder and extortion cases and was presented on the court on the same day. Speaking to Mumbai Mirror , Salim Khan said that this wasn't the first time his son was getting death threats.

Saquon Barkley signs with Jay Z's sports-management group
Writer Steve Silverman has the Dolphins drafting running back Saquon Barkley out of Penn State . Barkley has a good chance to be the highest draft pick Roc Nation has ever represented.