LINCOLN- The Nebraska Economic Forecasting Advisory Board met Friday afternoon to review tax receipts and update the economic forecast for the state. Based on information from the Department of Revenue, net tax receipts for April were $260M below the previously forecasted projections. The Forecasting Board reduced the estimate of the current fiscal year tax receipts by $190M. Additionally, the next fiscal year forecast was reduced by $90M. The resulting three year total is a $390 million reduction in projections.
View the legislature’s updated financial status sheet by clicking HERE