State hit mark on Nov. tax receipts

LINCOLN — The state got some decent news Tuesday on the tax revenue front: State tax receipts last month were about where forecasters predicted they would be.

November tax receipts for the state were $279 million, or about 0.8 percent below a revised forecast made last month.

For the fiscal year that began July 1, state tax revenue is now just 0.2 percent below forecast.
“It's better than what it could have been,” said State Tax Commissioner Doug Ewald.

Such tax receipt reports are important in tracking whether tax revenue is coming in as expected. If it doesn't, the state must cut its spending, including state aid it sends to K-12 schools, local counties and cities.

Last month, the Nebraska Legislature met in special session after tax receipts fell well below forecast because of the recession.

About $334 million in budget cuts were adopted, which is expected to translate into effects like slower response times by state troopers and possibly steeper increases in tuition at state universities and colleges.


-- Paul Hammel

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