The resolution proposes an interim study to assess the feasibility and potential advantages of establishing a ways and means committee aimed at improving coordination between the Revenue Committee and the Appropriations Committee of the Nebraska Legislature. The study will focus on several key areas, including the current roles of both committees, the timing of revenue forecasting and budget-setting processes, and best practices from other states with similar committees. Additionally, it will explore the potential duties of a ways and means committee, opportunities for enhancing revenue estimation and budget development procedures, and recommendations for a model budget process that aligns with recognized public finance standards.

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