State tax revenue below projections
Nebraska state government's tax revenue fell far below projections in April, adding fresh concerns about the state budget.
The state Department of Revenue said Monday that net tax revenue was 14.6 percent below official projections that set the baseline for the state budget. Individual and corporate income taxes were 25 percent and 28 percent below projections, respectively. But net sales taxes actually beat projections by more than 2 percent.
Governor Dave Heineman called the April figures disappointing but that they contain early signs of an improved economy. Overall, net tax receipts for the month were below official projections by $51.9 million. For the fiscal year to date, state receipts are $56.1 million below projections.