LINCOLN, Neb. (AP) — Nebraska lawmakers will have more money than expected this session, based on new state revenue projections.
The Nebraska Economic Forecasting Advisory Board predicted Friday that the state will collect nearly $9 billion during the current two-year budget cycle.
The forecast will give lawmakers about $14.1 million for additional legislation this year, compared to the roughly $1.4 million at their disposal before the latest estimates were approved.
Board members say the farm economy is continuing to struggle, but a worker shortage is putting upward pressure on wages. They also say the local economies in Omaha and Lincoln are holding strong.
According to the estimates, Nebraska will collect more than $4.4 billion in the current fiscal year and nearly $4.6 billion in the next fiscal year, which starts on July 1.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.