Nebraska Tax Revenue Rebounds After Dismal September
Save Email Print
Bookmark and Share
Posted: 3:27 PM Nov 10, 2009
Nebraska Tax Revenue Rebounds After Dismal September
Lincoln, Neb.
Nebraska tax revenue in October rebounded after a dismal September that prompted a special legislative session to cut the state budget, but collections still fell below official projections.
Reporter: Associated Press
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

Nebraska tax revenue in October rebounded after a dismal September that prompted a special legislative session to cut the state budget, but collections still fell below official projections.

On Tuesday, the state Department of Revenue reported that total, net tax revenue last month was 1.8 percent, or $3.5 million, below projections that form the baseline for the state budget.

In September, revenue nose-dived, dropping more than 11 percent below projections.

A primary reason was falling income-tax collection. That's still cause for concern. Individual income tax collection was nearly 9 percent below projections in October.

State Tax Commissioner Doug Ewald says he is cautiously optimistic about future state revenue because of the new report.

Big Bonus Bucks: Sanchez Restaurant
First at 4
Special Features
Community Calendar Community Calendar
Search and post upcoming community events
Healthy Everyday Healthy Everyday - The Hearing Clinic
Health tips and stories
It's Your Shot It's Your Shot
Share your photos
Buy It Nebraska Buy It Nebraska
Sell your stuff... buy some more!
Lance's Journal Lance's Journal
Nebraska's hidden treasures
Moms Everyday MomsEveryday.com
Advice for all Moms!
It's Your Shot - Kids, Pets and Randoms!

AP Video