Economic forecasting board maintains current revenue projections

The Nebraska Economic Forecasting Advisory Board voted to reaffirm the state’s revenue projections during its Feb. 24 meeting at the Capitol.

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

At the October 2022 forecast meeting, the board set revenue projections for the current fiscal year at $6.44 billion. Projections for FY2023-24 were set at $6.47 billion and $6.55 billion for FY2024-25.

The board voted not to revise the October projections. The next meeting is scheduled for April 26.