May tax receipts lower than projected in Nebraska
LINCOLN, Neb. (AP) — A new report says Nebraska's net tax receipts in May came in lower than projected.
The Department of Revenue said Tuesday that net tax receipts for the month totaled $333 million, which is nearly 5 percent below the state's certified forecast. The forecast said the state would net an estimated $349 million.
According to the report, individual income and sales-and-use tax revenue came in lower than expected. Corporate income and miscellaneous tax revenues were higher than projected.
Net receipts for Nebraska's current fiscal year are still nearly 2 percent higher than the forecast.
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