State Tax Collections Below Expectations
The state government collected slightly less money than expected in December, according to the Department of Revenue.
The department reported net tax receipts of $436 million for the month, compared to the official estimates of $440 million. Net sales-and-use and individual income tax collections were lower than projected, while net miscellaneous and corporate income taxes came in higher.
Nebraska still has collected more revenue than expected in the current fiscal year that began on July 1. The state reported net tax receipts of $2.869 billion, which is nearly 8% above the certified forecast of $2.659 billion. The estimates were set by the Nebraska Economic Forecasting Advisory Board in July and adjusted for new state laws that were passed last year.
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Omaha Daily Record
The Daily Record
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