Nebraska revenue is up over monthly projections ..but Nebraska’s Tax Commissioner cautions against reading too much into it. He points out that July, which is the start of the fiscal year, is a small revenue month.
Net state tax revenue was up almost five percent over projections in July. Monthly increases occurred in sales, individual income and corporate income state revenue.
Net Sales and Use: 5.5% above forecast
• Net Individual Income: 9.9% above forecast
• Net Corporate Income: 16.2% below forecast
• Net Miscellaneous: 7.5% below forecast