Nebraska Revenue Board Scheduled to Meet at Capitol

By: Associated Press
By: Associated Press

The board that estimates Nebraska's state government revenue is set to meet at the capitol.

The Nebraska Economic Forecasting Advisory Board will convene on Thursday. The board plans to revise its estimates of tax collections for the current 2013 fiscal year and next two fiscal years.

The projections are important for Nebraska state lawmakers and the governor as they work to craft a two-year budget.

In October, board members reported a positive outlook for the state economy despite worries about the drought and the nation's tax climate.

Lawmakers face a projected budget shortfall this year of about $200 million, but that number will shrink as they adjust the state's school-funding formula and pass other laws.

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