LINCOLN, Neb. (AP) - Nebraska’s tax collections were nearly 5 percent below expectations in March.
The Department of Revenue reported Thursday that the state’s net receipts totaled $327 million for the month, well below the certified forecast of $343 million.
Net individual and corporate income tax collections came in lower than projected, as did net sales-and-use taxes. Net miscellaneous tax receipts were higher than expected.
Net tax collections for the fiscal year are less than 1 percent below projections so far.
The comparisons are based on the forecast made by the Nebraska Economic Forecasting Advisory Board in October. The forecasts determine how much money lawmakers have at their disposal during legislative sessions.
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