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Nebraska state tax collections below projections in November | KRVN Radio

Nebraska state tax collections below projections in November

Nebraska state tax collections below projections in November
Courtesy/Nebraska Department of Revenue -- State Tax Commissioner, Tony Fulton.

Lincoln, Neb. — State officials say Nebraska collected less net revenue than expected in November.

The Department of Revenue reported Friday that the state last month netted $390 million, which is 2.3 percent below the certified forecast of $400 million.

The department says collections were lower for all four major tax categories: individual and corporate income, sales-and-use and miscellaneous.

Tax receipts are still above projections for the current fiscal year, which began on July 1. The state has collected $1.85 billion so far since then, nearly 2 percent above the forecast of $1.816 billion.

The tax collections help determine how much money lawmakers and the governor have at their disposal.

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