A new state study indicates that Nebraska will gain nearly 50,000 new jobs over the next dozen years because of its business incentives — jobs the analysis said would not be created without the tax incentives.
But the Nebraska Revenue Department analysis also found that such job growth will come with a hefty price tag: Over that time, the state will lose an estimated $824 million in net tax revenue because of the program.
Coming as Nebraska is stumbling through a jobless economic recovery and facing a gaping hole in its state budget, the study has reignited old debates over the costs and necessity of the tax incentives the state hands out to big businesses that add jobs.
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