State tax receipts higher than expected

There's good news when it comes to tax receipts for Nebraska.

Nebraska's net general fund tax receipts have come in higher than projected for the fiscal year that ended June 30.  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 recertified forecast. 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.