Balancing the state budget will be a focus of the Legislature for the next several weeks.
First District State Senator Bob Hallstrom from Syracuse notes the Legislature has until Wednesday, March 25th to complete budget work.
Late night debate is scheduled to begin Wednesday, March 18 as committee and senators priority bills come to the floor for consideration.
LB-819 is an amendment to LB-768 that would extend the Rural Workforce Housing and the Middle-Income Workforce Housing, currently scheduled to expire July 1, 2027 and July 1, 2029 respectively, to a sunset date of July 1, 2032. The amendment would also increase the cap on construction on owner-occupied housing units.
Hallstroms LB 1067 has advanced from General File and would increase the documentary stamp tax rate on real estate transfers, by $1.00 per $1,000 of purchase price, redirecting the additional revenue equally to the Rural Workforce Housing Program and the Middle-Income Workforce Housing Program to support workforce housing development.
Senator Hallstrom encourages 1st District constituents to follow his Facebook page for updates on legislation and District 1 activities. He can be contacted by phone at 402-471-2733 or email at bhallstrom@leg.ne.gov.
