Nebraska Fiscal Statistics

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20122021
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State Revenue Analysis (Nebraska: 20122021)

Population: 1,855,487 1,934,408 (4.3% change)

Overall Revenue Trends

Total Revenue 55.5%
$9,403,917,000 (2012)$14,625,811,000 (2021)
Per Capita Revenue 49.2%
$5,068 (2012)$7,561 (2021)
Fund Balances 148.1%
$5,572,580,000 (2012)$13,825,515,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 6.0%

Major Tax Revenue

Property Tax 57.7%
$78,000 (2012)$123,000 (2021)
Sales Tax 51.7%
$1,570,450,000 (2012)$2,382,381,000 (2021)

Utility Revenue

Solid Waste Charges 71%
$155,000 (2012)$45,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals9972.9%
$7,394,000$744,788,000
Miscellaneous General Revenue Not Elsewhere Classified242.5%
$131,957,000$451,907,000
Occupation & Business License Not Elsewhere Classified208.8%
$11,658,000$35,995,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified 99.7%
$29,434,000$79,000
Hospital Charges 92.3%
$223,374,000$17,269,000
Local Intergovernmental Education 80.3%
$33,141,000$6,536,000

Revenue Forecast

Projected Revenue (Next Year) 15.4%
Estimated: $16,872,873,311
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Federal Intergovernmental Public Welfare24.1%
Individual Income Tax19.5%
Total General Sales Taxes16.7%
Higher Education Tuition Charges3.6%
Federal Intergovernmental Highways3.2%
Motor Fuels Sales Tax3.2%
Higher Education Auxiliary Charges2.8%
Donations From Private Sources2.5%
Corporation Net Income Tax2.5%
Federal Intergovernmental Education2.4%
Hospital Charges2.4%
Unemployment - Contribution2.2%
Federal Intergovernmental Other2.0%
Interest Earnings1.8%
Miscellaneous General Revenue Not Elsewhere Classified1.4%
Motor Vehicle License1.3%
All Other Not Elsewhere Classified Charges1.1%
Net Lottery Revenue0.8%
Tobacco Sales Tax0.7%
Public Utilities Tax0.6%
Insurance Premium Tax0.5%
Federal Intergovernmental Employment Security Administration0.4%
Federal Intergovernmental Other Natural Resources0.4%
Local Intergovernmental Education0.4%
Natural Resources Not Elsewhere Classified Charges0.3%
Rents0.3%
Education Other State Charges Not Elsewhere Classified0.3%
Alcoholic Beverage Sales Tax0.3%
Corporation License Tax0.3%
Other Selective Sales Taxes0.2%
Federal Intergovernmental Air Transportation0.2%
Fines & Forfeits0.2%
Local Intergovernmental Highways0.2%
Hunting & Fishing License0.2%
Occupation & Business License Not Elsewhere Classified0.1%
Documentary & Stock Transfer Tax0.1%
Unemployment - Interest Revenue0.1%
Federal Intergovernmental Health & Hospitals0.1%
Parks & Recreation Charges0.1%
Sale of Property0.1%
Severance Tax0.1%
Motor Vehicle Operators License0.1%
Housing & Community Development Charges0.0%
Amusement Tax0.0%
Regular Highway Charges0.0%
Federal Intergovernmental Sewerage0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Royalties0.0%
Alcoholic Beverage License Tax0.0%
Local Intergovernmental Other0.0%
Death & Gift Tax0.0%
Amusement License Tax0.0%
Air Transportation Charges0.0%
Local Intergovernmental Public Welfare0.0%
Parimutuels Tax0.0%
Solid Waste Charges0.0%
Workers Compensation - Interest Earnings0.0%
Property Tax0.0%

2021 Revenue Sources

Federal Intergovernmental Public Welfare24.1%
Individual Income Tax21.4%
Total General Sales Taxes16.3%
Federal Intergovernmental Health & Hospitals5.1%
Corporation Net Income Tax3.9%
Higher Education Tuition Charges3.5%
Federal Intergovernmental Highways3.3%
Miscellaneous General Revenue Not Elsewhere Classified3.1%
Motor Fuels Sales Tax2.8%
Donations From Private Sources2.1%
Federal Intergovernmental Education2.1%
Federal Intergovernmental Other1.9%
Higher Education Auxiliary Charges1.7%
Interest Earnings1.0%
All Other Not Elsewhere Classified Charges0.9%
Motor Vehicle License0.8%
Unemployment - Contribution0.6%
Insurance Premium Tax0.5%
Net Lottery Revenue0.5%
Federal Intergovernmental Other Natural Resources0.4%
Federal Intergovernmental Employment Security Administration0.4%
Tobacco Sales Tax0.4%
Public Utilities Tax0.4%
Elementary Secondary Education Not Elsewhere Classified Charges0.3%
Local Intergovernmental Highways0.3%
Occupation & Business License Not Elsewhere Classified0.2%
Alcoholic Beverage Sales Tax0.2%
Natural Resources Not Elsewhere Classified Charges0.2%
Federal Intergovernmental Air Transportation0.2%
Rents0.2%
Other Selective Sales Taxes0.2%
Documentary & Stock Transfer Tax0.1%
Hunting & Fishing License0.1%
Hospital Charges0.1%
Fines & Forfeits0.1%
Motor Vehicle Operators License0.1%
Parks & Recreation Charges0.1%
Unemployment - Interest Revenue0.1%
Corporation License Tax0.0%
Local Intergovernmental Education0.0%
Amusement Tax0.0%
Sale of Property0.0%
Federal Intergovernmental Sewerage0.0%
Severance Tax0.0%
Housing & Community Development Charges0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Other License Tax0.0%
Regular Highway Charges0.0%
Alcoholic Beverage License Tax0.0%
Royalties0.0%
Local Intergovernmental Other0.0%
Amusement License Tax0.0%
Air Transportation Charges0.0%
Parimutuels Tax0.0%
Property Tax0.0%
Workers Compensation - Interest Earnings0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Solid Waste Charges0.0%

Key Insights

  1. 1Total revenue increased by 55.5% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 4.3%, while per-capita revenue changed by 49.2%.
  3. 3The state's fund balances increased by 148.1%, suggesting improved fiscal health.
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State Expense Analysis (Nebraska: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures 46%
$3,892,791,000$5,695,567,000
Per Capita Spending 40%
$2,098$2,944

Population Trends

Population Change 4.3%
1,855,487 (2012)1,934,408 (2021)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection 8%
$0 (2012)$0 (2021)
Fire Protection 0%
$0 (2012)$0 (2021)

Infrastructure Expenses

Highways Maintenance 35%
$0 (2012)$0 (2021)
Sewerage Operations 0%
$0 (2012)$0 (2021)

Administrative Expenses

Financial Administration 23%
$0 (2012)$0 (2021)
General Expenses 242%
$0 (2012)$0 (2021)

Nebraska Key Insights

  1. 1General expenses increased dramatically by 242%, which may indicate classification changes, new initiatives, or reporting adjustments
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt 81%
$751,068,000 (2012)$1,357,576,000 (2021)
Industrial Revenue Debt 8%
$1,321,092,000 (2012)$1,219,353,000 (2021)
Per Capita Debt 73%
$405 (2012)$702 (2021)

Population Trends

Population Change 4.3%
1,855,487 (2012)1,934,408 (2021)

Debt Management

Most Recent Year (2021)

Issued:$280,013,000
Retired:$0
Net Change:+$280,013,000

Debt Retirement Trend

$165,247,000 → $0 100%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.
  3. 3New debt issuance significantly increased the per-resident debt burden (up 73%).