The Nebraska Economic Forecasting Advisory Board voted Feb. 28 to raise revenue projections for the current fiscal year.<\/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 were raised based on an anticipated increase of $175 million in corporate income tax receipts, offset by projected decreases in miscellaneous and individual income tax receipts.<\/p>\n
Total projected revenue receipts for FY2024-25 were set at $6.435 billion, an overall increase of $100 million above the previous projection.<\/p>\n
The board also set the forecast for projected total revenue receipts for FY2025-26 at $6.955 billion, leaving that forecast largely unchanged. Projections were set at $7.250 billion for FY2026-27, an increase of $28.5 million.<\/p>\n
The next board meeting is scheduled for April 25.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nebraska Economic Forecasting Advisory Board voted Feb. 28 to raise revenue projections slightly for the current fiscal year.<\/p>\n","protected":false},"author":1,"featured_media":36722,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[33],"tags":[],"class_list":["post-37734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-revenue-forecasting-board"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2024\/07\/UpdateBlogPhoto-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/37734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37734"}],"version-history":[{"count":6,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/37734\/revisions"}],"predecessor-version":[{"id":38561,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/37734\/revisions\/38561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/media\/36722"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}