Nebraska Forecasting Board Meets

For the first time in Nebraska history revenues are projected to break the three-billion dollar mark in two years. That prediction was made Friday by the state's economic forecasting board. 

The panel expects collection of sales, income and miscellaneous taxes to increase about four per cent each of the next two years. The projection of this advisory board will be used by Governor Johanns and state lawmakers as they craft the state's budget next year. The board predicted the state will bring in 2.86-billion dollars next year and 3.07-billion the following year. That compares with 2.7-billion dollars for the year that ended June 30th. That's generally reason for optimism.