University of Nebraska Halves Reimbursement Rate

August 21, 2017

In light of its budget crisis, the University of Nebraska system has lowered its vehicle mileage reimbursement rate from 53.5 cents per mile, the Internal Revenue Service’s recommended rate, to 25 cents per mile.

The lower reimbursement rate matches the average cost for the university to rent a vehicle using private rental or pool vehicles and is expected to save up to $500,000 annually. According to a statement, the university will work with employees to obtain the necessary transportation, which may include leasing or longer-term contracts for fleet use.

The university system is currently battling a $49 million budget shortfall, due to cuts in state funding and rising costs. Earlier this month, Nebraska University President Hank Bounds announced several structure changes and policies to reduce expenses, including the elimination of at least 100 jobs, reports the Lincoln Journal-Star. Among these changes, the university system’s director of procurement services was tasked with overseeing procurement policies to save $6.8 million on fuel, vehicles, and insurance.

Comment On This Story

Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

I am looking to poll everyone and determine what or if you have a Utilization threshold set for vehicles and equipment. We have a 6,000...

View Topic

We are looking for RFPs to outsource Body Repairs and to outsource Police Vehicle set-ups. Please e-mail them to me in a word document...

View Topic

Fleet Documents

984 Fleet Documents (and counting) to Download!

Sponsored by

Isuzu Motors Ltd. is a Japanese car, commercial vehicle and heavy truck manufacturing company, headquartered in Tokyo.

Read more