LINCOLN, Neb. (AP) — Nebraska's tax revenue will grow at roughly an average pace over the next few years, but senators are still projected to face a $62.6 million shortfall in their next two-year budget.
The legislative estimates were updated Friday after the Nebraska Economic Forecasting Advisory Board approved its newest revenue projections.
Board members predicted annual growth of about 5 percent, putting the state on course to collect about $9 billion for that budget period.
Nebraska lawmakers are required to balance the state budget. Senators have signaled that they may use some revenue for prisons, a water settlement with Kansas and reimbursement to the federal government for child welfare services.
Governor Dave Heineman has said lawmakers should limit state spending growth and focus on tax relief.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.