The resolution proposes an interim study to assess the feasibility and potential advantages of establishing a ways and means committee to improve coordination between the Revenue Committee and the Appropriations Committee of the Nebraska Legislature. The aim is to create a more integrated and balanced approach to the state's budgeting process. The study will explore the current roles of both committees, the timing of revenue forecasting and budget setting, best practices from other states, and potential duties for a new committee. It will also consider opportunities for enhancing revenue estimation, budget development, and legislative oversight.

The Executive Board of the Legislative Council is tasked with conducting this study, which may involve consultations with legislative staff, policy experts, and other stakeholders in public finance and budgeting. The board is expected to submit a report detailing its findings and recommendations to the Legislature or the Executive Board by December 15, 2025.