Johanns-Budget

By: Associated Press
By: Associated Press

Tax receipts in Nebraska came in lower than expected last month.

The bad economic news comes as Gov. Mike Johanns is preparing to release his budget plan on Thursday. The state faces a $211 million budget shortfall.

Johanns says his plan will not include any sales or income tax increases.

Taxes collected in December were 4.7-percent less than anticipated. For the fiscal year receipts were nearly even with projections, at just .2-percent below.

Johanns and other tax analysts have repeatedly said that the real story of the state's economy will be shown when most tax returns are processed in April through June.

The state's official revenue forecasting board meets next month to revise projections. Those figures will be used as a target for lawmakers at they make needed cuts.


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