LINCOLN, Neb. (AP) — A new report says net tax receipts for Nebraska state government were below projections in October.
The Department of Revenue reported Monday that the state collected $222 million last month, which is nearly 9 percent below the certified forecast.
The certified forecast of $244 million was set by the Nebraska Economic Forecasting Advisory Board in February.
The report says revenue from sales-and-use taxes was up. That revenue was offset by lower-than-expected collections from individual and corporate income taxes and miscellaneous taxes.
Even though net tax receipts were lower than expected in October, those collections are still running more than 1 percent higher than expected for the current fiscal year.
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