The Nebraska Economic Forecasting Advisory Board voted to increase revenue projections during a Feb. 28 meeting at the Capitol. <\/p>\n
The board provides an advisory forecast of general fund receipts used by the Legislature to craft the state\u2019s budget.<\/p>\n
Revenue projections for the current fiscal year and FY2022-23 were raised based on anticipated increases across all tax receipt categories, including a projected $160 million increase in individual income tax receipts in FY2021-22 and a $200 million increase in individual income tax receipts in FY2022-23.<\/p>\n
Total projected revenue receipts for FY2021-22 were raised to $5.72 billion, an increase of $370 million. Projected total revenue receipts for FY2022-23 were set at $5.96 billion, an increase of $405 million.<\/p>\n
The next board meeting is scheduled for Oct. 28.<\/p>\n","protected":false},"excerpt":{"rendered":"
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