Economic forecasting board maintains revenue projections

The Nebraska Economic Forecasting Advisory Board voted to maintain the state’s revenue protections during its first meeting of the year Feb. 24.

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

During the October forecast, the board revised its outlook upward by $51.9 million, setting revenue projections at $3.6 billion for fiscal year 2011-12 and $3.8 billion for FY2012-13.

The board voted not to revise the October projections.

The next meeting of the board will be October 26, 2012.