Economic forecasting board adjusts revenue projections slightly

The Nebraska Economic Forecasting Advisory Board voted to make relatively minor adjustments to revenue projections during a Feb. 27 meeting at the Capitol.

The board provides an advisory forecast of general fund receipts used by the Legislature to craft the state’s budget.

Revenue projections for the current fiscal year were raised to $4.4 billion, a net increase of $1 million. Total projected revenue receipts were set at $4.6 billion for FY2016-17.

The next board meeting is scheduled for April 30.