The resolution proposes an interim study to explore the feasibility and benefits of establishing a ways and means committee to improve coordination between the Revenue Committee and the Appropriations Committee of the Nebraska Legislature. The study aims to create a more integrated and balanced approach to the state's budgeting process by examining the current roles of both committees, the timing of revenue forecasting and budget setting, and best practices from other states. It will also assess potential duties for a ways and means committee, opportunities for improving budget procedures, and recommendations for a model budget process that aligns with recognized public finance standards.

The Executive Board of the Legislative Council will conduct the study, consulting with legislative staff, policy experts, and relevant stakeholders. A report detailing the findings and recommendations is to be submitted to the Legislature or the Executive Board by December 15, 2025. The resolution emphasizes the importance of enhancing legislative efficiency and transparency in the budget process through improved collaboration between the two committees.