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Nebraska tax revenues $12 million above projections for August
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Nebraska Examiner
That jump equates to roughly $12 million in additional tax revenues flowing into the state’s coffers.
Nebraska ended the last fiscal year with net tax receipts down about $86 million from forecasts, leading to a projected state budget deficit of about $95 million.
The latest receipts help with filling that deficit, along with Nebraska’s July receipts being roughly $20 million higher than projections.
On the flip side, corporate income taxes came in 31.2% below projections for August.
July and August’s receipts broke a months-long pattern of Nebraska’s tax revenues falling below forecasts.
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