State Tax Collection Estimate $64 Million More Than Expected

By: The Associated Press Email
By: The Associated Press Email

The board that estimates Nebraska state government tax collections is predicting an uptick in revenue, thanks to the slowly growing state economy.

The Nebraska Economic Forecasting Advisory Board revised its estimates Thursday to show that the state will receive $64.9 million more than expected for its upcoming two-year budget.

The adjusted forecast gives lawmakers more money to work with as they craft a new spending plan. The Legislature's Appropriations Committee released a preliminary $7.8 billion, two-year budget this week, which would take effect in July.

Board member Tonn Ostergard of Lincoln says Nebraska's conservative approach to financial matters helped the state weather the recent recession. Other members pointed to Nebraska's farm economy, agribusiness and relatively low unemployment.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 194005011 -
Gray Television, Inc.