Nebraska July Tax Receipts Slump Below Projections

By: Channel 6 News Email
By: Channel 6 News Email

Nebraska tax collections came in lower than expected during the first month of the state's new fiscal year.

The state reported Wednesday that net tax receipts for July totaled $200 million, which is $11 million shy of earlier projections.

That's 5 percent less than what the state had expected
to collect.

Net tax receipts from individuals came in nearly 20 percent below what the state had projected.

The comparisons are based on a revised April forecast made by the Nebraska Economic Forecasting Advisory Board.

The forecast was adjusted in July to account for new laws passed during this year's legislative session.

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