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March 16, 2017LINCOLN, Neb. | By: AP
A new report says Nebraska's tax collections last month were on par with the state's financial forecast. The Department of Revenue reported Wednesday that the state's net tax receipts totaled $267 million in February, matching the official state projections.
The comparisons in the report were based on the forecast made by the Nebraska Economic Forecasting Advisory Board on Feb. 27. During that meeting, the board revised its forecast downward by $80 million compared to the previous estimates from October.
Nebraska lawmakers face a projected revenue shortfall of approximately $288 million, based on the latest estimates and the preliminary budget approved by a committee.