LINCOLN (AP) — A new report says Nebraska’s net tax receipts were higher than projected in January.
State tax commissioner Doug Ewald reported Friday that net receipts totaled $333 million, more than 8 percent higher than predicted in forecasts.
The report shows net sales and use taxes, individual and corporate incomes taxes, and net miscellaneous taxes were all higher than expected.
General fund receipts for the current fiscal year so far were up nearly 2 percent above the earlier projections.
The comparisons were based on a revised forecast made by the Nebraska Economic Forecasting Advisory Board in April. The forecast was adjusted for bills passed last year, and divided into monthly estimates. The board met again in April and revised the forecast for the current fiscal year upward by nearly $52 million.
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