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January Tax Receipts HIgher Than Expected in Nebraska
LINCOLN, Neb. (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.
© Associated Press
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