Tax Receipts Show State Economic Recovery
LINCOLN (AP) - Nebraska's net general fund tax receipts
have come in higher than projected for the fiscal year that ended
Tax commissioner Doug Ewald announced Monday that net receipts
for fiscal year 2011 totaled $3.5 billion. The final number is more
than 4 percent above projections that were recertified in March.
Net tax receipts for June were nearly 6 percent above the
The comparisons are based on revised projections from the
Nebraska Economic Forecasting Advisory Board.
Nebraska Gov. Dave Heineman said the gains are an indication
that the state economy is improving, and in better shape than most
of America. He said the projections will allow the state to rebuild
its cash reserve to $362 million.