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LINCOLN, Neb. (AP) - A new report says net tax receipts for Nebraska state government were below projections in October.
The Department of Revenue reported this past week, that the state collected $222 million last month, which is nearly 9 percent below the certified forecast.
The certified forecast of $244 million was set by the Nebraska Economic Forecasting Advisory Board in February.
The report says revenue from sales-and-use taxes was up. That revenue was offset by lower-than-expected collections from individual and corporate income taxes and miscellaneous taxes.
Even though net tax receipts were lower than expected in October, those collections are still running more than 1 percent higher than expected for the current fiscal year.
© Associated Press
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