Last week the Senate announced it's committee assignments. This week we will probably see the House announce it's committee assignments. The budget will begin in the Senate this year. We are looking at a $3 billion dollar deficit for the 2009-2010 fiscal year, a real challenge for our elected officials. Adding to that challenge is a lack of confidence in the economy causing a severe reduction in consumer spending. Lower tax/revenue collection means there will be less in the General Fund to appropriate. One more variable to this years budget is the big question regarding the federal government. What will the economic stimulus package look like? Will there be additional packages? And finally what will the federal government create as their budget? Here on the blog we will be following it all.
General Assembly Meetings:
Monday: Session is scheduled for 6:00pm.
Wednesday, Feb. 113 pm | The Joint Select Committee on Emergency Preparedness and Disaster Management Recovery meets, 1228 LB.
The U.S. Senate is continuing to debate the Economic Recovery and Reinvestment Act, better known as the economic stimulus package. Late on Friday an agreed upon bill emerged. That bill received continued debate over the weekend. Tentatively there is a vote scheduled for Tuesday. We will continue to follow this and later today we will post the reductions and cuts found in the Senate bill.