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3 Feb 2018
Nebraska is required to balance its state budget. The primary internal sources of revenue for Nebraska are income tax and sales tax. Externally, Nebraska, like all states, also receives a block grant from the Federal Government, but this might end. If the country goes into a recession and people both earn and spend less money, the state will receive less revenue. How can the state then maintain a balanced budget??
Nebraska is required to balance its state budget. The primary internal sources of revenue for Nebraska are income tax and sales tax. Externally, Nebraska, like all states, also receives a block grant from the Federal Government, but this might end. If the country goes into a recession and people both earn and spend less money, the state will receive less revenue. How can the state then maintain a balanced budget??
6
answers
0
watching
79
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