LINCOLN (AP) — Nebraska state government collected more tax revenue than projected in January, state officials said Friday.
The Nebraska Department of Revenue reported net tax collections of $453 million, which is 19.1% higher than the certified forecast of $380 million.
The department said net individual and corporate income taxes were higher than projected, as were net sales-and-use and miscellaneous taxes.
Tax collections are also higher than expected in the current fiscal year, which began on July 1. The state had collected $3.321 billion as of the end of January, which is roughly 9.3% higher than the certified forecast of $3.039 billion.
The initial projections were set by the Nebraska Economic Forecasting Advisory Board in July.
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