Nebraska Tax Revenue is Up

The state's better than expected prosperity continues. A new report says Nebraska's net tax receipts were 7.1 percent higher than expected in February. The Nebraska Department of Revenue reported Wednesday that the state had $258 million in receipts. The forecast for the month, on which the state budget was built, was $241 million. Tax revenue was boosted by higher-than-expected individual and corporate income taxes. Sales and use taxes were lower than expected for the month. Total receipts for the current fiscal year are $2.5 billion so far, which is 3.4 percent above the state's certified forecast.