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Newscast 12.09.22: UNL Researchers predict a recession for Nebraska in 2023; Possible property tax relief from Iowa lawmakers

Lincoln, NE
World Atlas
Lincoln, NE

Yesterday and last night's winter weather left only one inch of snow in Sioux City, but other parts of Siouxland saw anywhere between 2 to 9 inches of wet, heavy precipitation.

Western Iowa Tech Community College in Sioux City Friday afternoon
Western Iowa Tech Community College in Sioux City Friday afternoon

Several area schools, including Sioux City Community School District, had late starts, but there were few major automobile accidents were reported on this morning.

Nebraska's economy is likely to fall into recession next year.
That's the latest forecast from the University of Nebraska–Lincoln’s Bureau of Business Research and the Nebraska Business Forecast Council.
The Bureau of Business Research says the Federal Reserve Bank is expected to raise interest rates, the Nebraska economy is expected to fall into recession in 2023, although it is possible that the slowing state economy might narrowly avoid a decline. The two factors that may feed into a recession are the size and pace of the decline in property values, and the degree to which employers retain scarce workers.
While employment numbers continue to be strong, they are forecast to decline 0.2% next year before rebounding in 2024 and 2025.

The Republican who’ll lead the tax policy committee in the Iowa House next year says property tax relief will be his primary focus. Representative Bobby Kaufmann of Wilton says property taxes have increased a great deal over the last decade.

Republican Rep. Bobby Kaufman of Wilton
Republican Rep. Bobby Kaufman of Wilton

Kaufmann has chosen by House Speaker Pat Grassley to lead the House Ways and Means Committee when the legislature convenes in January. It’s the panel that crafts and reviews all tax-related bills. Kaufmann says he wants to make “substantial” changes that lead to property tax relief.

The second recount in a close Iowa House race found the Republican candidate won by 11 votes, flipping the result from an initial recount that showed a Democrat leading.
Republican Luana Stoltenberg won election to House District 81, getting 5,073 votes to 5,062 to Democrat Craig Cooper, that's according to the most recent recount approved by a three-member board.
Cooper conceded to Stoltenberg on Wednesday, but expressed concern about the recounting process.

The Des Moines Register reports that Cooper said he has "grave concerns" that the Scott County auditor's initial recount differed significantly from the second recount, which was conducted by a three-member board selected by the candidates. Cooper chose former Scott County Attorney Bill Davis, a Democrat, to sit on the board.

Alcohol sales at general admission games and events at South Dakota's public colleges have gone "extremely well,” according to the Argus Leader.
That was the statement from Brian Maher, executive director of the Board of Regents on Thursday, as he spoke of the new program’s successes over the last semester.
Students at South Dakota State University urged Regents to approve an alcohol policy during a BOR meeting exactly one year ago.

The BOR approved the alcohol policy in June. Soon, the Leader reports, the first drinks sold at SDSU and at the University of South Dakota in September.

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