Is Nebraska in Financial Trouble?

This post is one of the most talked about of the weekend, suggesting that 46 out of 50 states could be in deep financial trouble in the next year or two.  Is Nebraska at peril?

Certainly the discussions that I heard from the Governor and members of the Legislature last week suggested that there would be a lot of belt tightening going on.  But I think that the post, perhaps, overly dramatizes the situation.  Nebraska as a “rainy day”/reserve fund.  There may be revenue shortfalls for a few years, but carefully monitoring the budget–cutting expenditures perhaps–ought to allow the state to weather the storm for a while.

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