State Tax Revenues Come In Short
LINCOLN (AP) - Nebraska tax revenue dove in June, falling 10 percent below projections after May figures seemed to signal an economic rebound. The report for June was issued today by the state Department of Revenue. Net tax revenue for all four categories of state taxes lagged projections. Gross sales taxes - a measure of how much consumers are spending - was nearly $11 million below projections. Tax refunds primarily given to businesses under the state's job-growth policies were 16 percent higher than projected. State Sen. John Wightman of Lexington is on a committee that considers whether to recommend special legislative sessions on budget issues. He says a session doesn't appear necessary, but that could change based on future revenue figures.
