Monday, 22 January, 2018

Ricketts proposes cutting budget and taxes

Gov. Ricketts Proposes Tax Reform for Nebraska’s Hardworking Families and Ag Producers Erdman labels governor's property tax plan a 'fantasy'
Bennie Garza | 12 January, 2018, 22:36

Sen. Steve Erdman of Bayard, who is leading the charge for major property tax relief legislation, rejected Gov. Pete Ricketts' new tax reduction plan on Thursday, describing it as "fantasy" and "an illusion" in terms of providing meaningful property tax reduction.

"The solution, and (Olson and I) have talked about this and I've talked to other folks as well, is to actually sell the land", Ricketts said.

"I'm going to work with the Legislature to close that gap without raising taxes", Ricketts said.

While the state had its positive achievements this past year, Ricketts said the state also faces challenges.

The third part of the legislation would invest an additional $10 million over the next two years for workforce development, something the state doesn't now have.

Last summer, Ricketts said he signed an executive order ordering all state agencies to come forward with additional steps to cut regulatory red tape.

State Sen. John Stinner of Gering, chairman of the budget-crafting Appropriations Committee, called the governor's budget a reasonable and doable proposal and said he was comfortable with the amount to be taken from the cash reserve.

Individuals and businesses from across the USA are taking note, Ricketts said.

"We are at about nine percent annually as far as the number of kids in the state's child welfare system".

Trade missions to Canada, China, Japan, Denmark and elsewhere have spurred growth on the Great Plains, Ricketts said. "We have to take care of our kids". Ricketts is proposing an additional $35 million in the budget for the Child Welfare and Public Assistance Task Force. "However, until such time, we will keep all options on the table for our members, including a ballot measure that would give Nebraskans the opportunity to vote and demonstrate their desire for property tax relief". But Bolz said another is that the Department of Health and Human Services is not meeting legal requirements to reduce caseloads for child welfare workers, resulting in high turnover. However, he said he has heard stories of work still needing to be done. I represent 20,000 of them and not one has told me that as they move to higher tax states out east and west.

Property tax relief will now be delivered as a credit on state taxes, to ensure Nebraska property taxpayers receive relief. "My proposal will identify new revenue sources to be directed towards property tax relief, while at the same time protecting the interests of K-12education", Briese said.

The Erdman bill would provide an immediate $1.1 billion in property tax relief through state income tax credits and refunds equal to 50 percent of property taxes paid to local schools.

"He was totally in favor of selling the surface rights, getting it back on the tax rolls, reducing government waste and everything we were after, he was spot on with where we were at", Olson said.

HOMEOWNER & AG PRODUCER RELIEF: Restructures existing property tax credits to prioritize middle-income Nebraska homeowners and ag producers.

"We have to remain laser-focused on growing Nebraska", he said.

Ricketts also attempted to cut off funding from abortion clinics a year ago through a budget proposal that included language that would have redirected federal Title X funds to entities that offer a broad range of health services. Ricketts plan includes across the board cuts of 2 percent and 4 percent over then next two years.

In addition to Grand Island, Ricketts also spoke in North Platte and Scottsbluff as part of his State of the State fly-around.

Recommended

  • Mattel, Inc. (NASDAQ:MAT) Shares Sold by California State Teachers Retirement System

    Out of all the analysts offering ratings, 7 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research. You can compare Mattel, Inc . many different ways, but first would be to compare it against the Consumer Goods sector.

    Activision Blizzard, Inc. (ATVI) vs. Zynga Inc. (ZNGA)?: Which Should You Choose?

    Ubs Asset Management Americas owns 0.23% invested in Danaher Corporation (NYSE:DHR) for 2.92 million shares. (NASDAQ: ATVI ). QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Activision Blizzard in the fourth quarter worth $1,171,000.
    Samsung confirms Galaxy S9 will launch in February

    Samsung confirms Galaxy S9 will launch in February

    With this confirmation, the new flagships will be successors to the company's 2017 flagships the Galaxy S8 and Galaxy S8+. The S9 plus was rumored to be launched with the S9, but Samsung is yet to provide further details about S9's big brother.
  • Winning ticket for $560 million Powerball jackpot sold in NH

    Winning ticket for $560 million Powerball jackpot sold in NH

    The winning numbers were 28, 30, 39, 59, 70, with the Mega Ball, 10. "Do you mean $40 million wouldn't change your life?!'" Ms. The identity of the victor or winners was not immediately released. "I'm very excited and overwhelmed", said Safa.
    Trump on Blast, Quoted as Resistant to Immigrants From 'Sh-thole Countries'

    Trump on Blast, Quoted as Resistant to Immigrants From 'Sh-thole Countries'

    Nonetheless, Mr Trump vigorously defended his stance on immigration, insisting that he wanted a merit-based system of immigration. He also denied demanding that Haitians be removed from negotiations about protected status for people from certain countries.
    WWE Contacts More Former Stars About Women's Royal Rumble

    WWE Contacts More Former Stars About Women's Royal Rumble

    Jinder Mahal with the victor going on to the finals at the Royal Rumble pay-per-view, against the victor of Roode vs. The women's revolution has taken off hugely over the past couple years or so, but now it will reach another level.
  • Back To The Basics! Hyperkin Is Working On A Game Boy Reboot

    Back To The Basics! Hyperkin Is Working On A Game Boy Reboot

    Now the original Game Boy is making a comeback , 28 years later - with a new version made by tech firm Hyperkin. That backlight can also be turned off, if you want a truly authentic, squinty, Game Boy experience.
    Exiled Mugabe ally says Mnangagwa's gov't is 'illegitimate'

    Exiled Mugabe ally says Mnangagwa's gov't is 'illegitimate'

    Muduvira said that Zhuwawo was supposed to "thank government for taking care of his uncle and not confuse Zimbabweans". Mnangagwa was dismissed two days later and fled the country, only to return triumphant in the wake of the coup.
    The number of women working in top films barely increased in 2017

    The number of women working in top films barely increased in 2017

    But the percentages of writers and editors actually declined - from 13 to 11 percent and from 20 to 16 percent, respectively. Only 11% of the highest-grossing movies in the United States past year were directed by women, researchers have found.
  • Lookout for Simple Moving Averages: Cardinal Health, Inc. (NYSE: CAH)

    Tigress Financial initiated Cardinal Health, Inc . (NYSE: CAH ) earned "Neutral" rating by Goldman Sachs on Friday, September 16. Cardinal Health, Inc ., CAH has a debt/equity of 1.5, and the LTdebt/equity (Long Term Debt/Equity) of 1.36. (NYSE: CAH ).

    Latest News on the Global Online Gaming Industry

    The company is showing signs of making a comeback, as competitors are forced to merge and consolidate in order to survive. The industry can be broken down further between mobile gambling and desktop gambling (which includes laptops and PCs).
    The Early 2018 World Series Favorites

    The Early 2018 World Series Favorites

    People expected this young Yankees team (which still has more significant talent on the way from AAA) to start competing in 2018. Taking into account a few articles and odds listings that are already out there, here’s our look at the top contenders. 1.

Analyst Research and Ratings: LCI Industries (LCII), Genesee & Wyoming Inc. (GWR) It is positive, as 27 investors sold GWR shares while 82 reduced holdings. 37 funds opened positions while 80 raised stakes. Sowell Financial Services LLC bought a new stake in Genesee & Wyoming during the third quarter worth $211,000. (NYSE:GWR).

FDA: Prescription Opioid Cough/Cold Meds No Longer Indicated for Children The agency said it is requiring manufacturers to change the wording on their labels to make clear that such products should not be used for anyone younger than 18.

Xerox in talks with Fujifilm about potentially major deal Xerox in talks with Fujifilm about potentially major deal In related news, EVP Herve Tessler sold 6,000 shares of the business's stock in a transaction on Monday, November 13th. Penserra Capital Management LLC acquired a new position in Xerox in the 2nd quarter valued at approximately $164,000.

CITU slams move to allow 49% FDI in AI CITU slams move to allow 49% FDI in AI These are meant to liberalize and simplify the FDI policy so as to provide ease of doing business in the country. Currently, the policy provides for 49 percent FDI under automatic route in power exchanges.

EXACT Sciences (EXAS) Receiving Somewhat Positive Media Coverage, Study Finds Out of all the analysts offering ratings, 6 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research. The stock of Exact Sciences Corporation (NASDAQ:EXAS) has "Buy" rating given on Thursday, June 16 by Craig Hallum.

Evercore ISI Increases Constellation Brands (STZ) Price Target to $250.00 Evercore ISI Increases Constellation Brands (STZ) Price Target to $250.00 Brighton Jones LLC acquired a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $245,000. Main Street Research Ltd Liability holds 0.06% of its portfolio in Constellation Brands, Inc . (NYSE:STZ) for 76,145 shares.

College basketball: Minnesota's Lynch 'categorically and vehemently' denies allegations College basketball: Minnesota's Lynch 'categorically and vehemently' denies allegations Pacyga said one allegation was of forcible intercourse, and the other allegation was of "digital penetration". Under Coyle's suspension of Lynch, Lynch is able to practice with the team but not travel.

Advanced Micro Devices (NASDAQ:AMD) Earns Daily Coverage Optimism Score of 0.15 Wall Street is only getting more bullish on the stock, with 9 of analysts who cover AMD having a buy-equivalent rating. On Thursday, August 3 ANDERSON JAMES ROBERT sold $1.72 million worth of Advanced Micro Devices, Inc .

Vitolo off the mark as Atletico Madrid cruise to Copa win Vitolo off the mark as Atletico Madrid cruise to Copa win Yannick Carrasco and Kevin Gameiro also got on the scoresheet for Atletico, which was without most of its regular starters. Costa played because his one-match suspension for Saturday's red card only registers for La Liga.

$0.48 EPS Expected for Harley-Davidson, Inc. (HOG) $0.48 EPS Expected for Harley-Davidson, Inc. (HOG) Hartford Invest Management Company holds 0.06% of its portfolio in Loews Corporation (NYSE:L) for 64,229 shares. (NYSE: HOG ). The stock exchanged hands with 3,098,498 numbers of shares compared to its average daily volume of 2.38M shares.

Today's Brokerage Rating: VEREIT, Inc. (VER), American Airlines Group Inc. (AAL) Advisors Limited Liability Corp has 0% invested in American Airlines Group Inc. (NASDAQ:AAL) rating on Monday, September 18. Personal Capital Advisors Corp raised its position in shares of American Airlines Group by 0.6% in the second quarter.

Buys Shares of 617675 Morgan Stanley (MS) Parkwood Llc who had been investing in Pepsico Inc for a number of months, seems to be bullish on the $167.02B market cap company. Atlantic Securities raised Morgan Stanley from a "neutral" rating to an "overweight" rating in a research report on Wednesday.

ETFs dominate BlackRock inflows for 2017 ETFs dominate BlackRock inflows for 2017 BlackRock said its iShares ETF business took in US$54.8 billion in new money in the quarter, up from US$49.3 billion a year earlier.

Exchange giants land last-minute breather on Mifid II rule Exchange giants land last-minute breather on Mifid II rule Regulators in the United Kingdom and Germany stepped in hours before Mifid II was triggered to give exemptions to three clearing houses.

A Groundbreaking Football News: How do Footballers And Dementia Relate? Finally, I think we can hope that the experts would look into the matter in a cautious way in the near future. As per Shearer’s words ‘At least now people have started to look for answers’.