Regional government

Nebraska tax collections exceeded expectations in April | Regional government

By Jessie D. Guthrie

Nebraska collected more tax revenue than expected in April and is still well ahead of expectations for the current fiscal year, according to new numbers released Friday.

The state Department of Revenue reported April net tax revenue of $939 million, 66.7% higher than the state’s official forecast of $563 million. The numbers are often higher in April when taxpayers file their returns.

Ricketts rejected millions in federal pandemic aid on the grounds that the emergency is over

Books, buses, bleachers and bathrooms: Nebraska schools have a long shopping list with federal ‘rescue’ aid

Net sales and use taxes were slightly lower than expected, while net personal and corporate income taxes and net miscellaneous taxes were all higher than expected.

Nebraska has raised $5.153 billion in the current fiscal year, which ends June 30. That’s 11.1% above the forecast of $4.637 billion.

The projections were made by the Nebraska Economic Forecasting Advisory Board at its last meeting in February. Nebraska lawmakers and governors use the projections to determine how much tax they have.

Related posts:

  1. Nebraska Chaplain Serves Returning Soldiers From Afghanistan | Regional government
  2. Republican redistribution plan victim of systematic obstruction | Regional government
  3. Health workers once hailed while heroes now receive threats | Regional government
  4. Senator Carol Blood announces Democratic gubernatorial candidacy | Regional government
Jessie D. Guthrie
You might also like More from author

Comments are closed.