LINCOLN, Neb. (AP) - Nebraska state government collected about $14 million less than expected in December.
The Department of Revenue reported Monday that net receipts for the month totaled $369 million, which is nearly 4 percent below the state's certified forecast of $383 million.
Net sales-and-use tax receipts were about 9 percent lower than expected, while individual income tax receipts were more than 3 percent lower. Net corporate income tax collections were 8 percent above the forecast, and net miscellaneous receipts were more than 18 percent below.
Department of Revenue economist Hoa Phu Tran says the lower-than-projected tax collections are largely driven by the slowdown in sales tax revenue, which is due to recent declines in farm income. Tran says the overall state economy appears to be faring well.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Services set for Effingham woman killed in crash
Street lights to be discussed at Monday city meeting
Barricaded fugitive arrested in Jackson County
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
Fatal Atchison apt fire investigation continues
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
Truck fire at CGB facility in Falls City
USD 415 board select new member
Date set for signals switch at Hiawatha intersection
LATEST STORIES
Doniphan Co Attorney files for re-election
State Board approves land transfer agreements
Nemaha NRD Board appoints new Director
Johnson-Brock Board approves personnel changes
KS Omnibus Budget signed; funds mental health, economy, others
Pawnee City School to move forward with strategic planning
Falls City High School parking lot project approved
Annual fire hydrant flushing underway in Falls City