Nebraska Tax Receipts Up In January

By: WOWT Email
By: WOWT Email

The state of Nebraska found itself with about $21-million more than it was expecting February first. Tax Commissioner Doug Ewald says January's gross General Fund receipts of $380-million were about 5.8% above the forecast of $359-million.

Those figures fall within the Fiscal Year 2011-2012 budget.

So, far the projected General Fund Receipts for the fiscal year are pretty much on target. The state estimated it would have received $2.357 billion by now. So far, $2.372 billion has been colleted. That is 0.6% above the forecast.

When you consider net receipts, which add tax refunds to the equation, the results are better.

In January, the state reported $332.895 million in receipts. That is 8.3% higher than the projected $307.342 million. For the fiscal year so far, net receipts are up 1.9% or $2.056 billion versus the projected $2.019 billion.

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