LINCOLN, Neb. (Nebraska Examiner) - After two months of higher-than-expected tax revenues, Nebraska’s monthly general fund receipts fell just before economic forecasters will update the state’s projected budget deficit.
Nebraska’s September tax receipts show a net loss of 6.6% under what Nebraska’s Economic Forecasting Advisory Board predicted in April, according to the state Department of Revenue. That equates to roughly $47 million in less revenue in the state’s coffers.
That followed tax receipts from July and August , which came in modestly above projections and brought in an additional $32 million. Appropriations Chair State Sen. Rob Clements of Elmwood said while September’s drop is “disappointing,” he wasn’t too concerned, because overall net receipts for the current fiscal