LINCOLN, Neb. (AP) - Nebraska state government tax collections beat expectations in February, the state Department of Revenue said Friday.
The department reported net tax receipts of $315 million, which is more than 7% above the certified forecast of $293 million.
The department said net individual income, corporate income and miscellaneous tax collections were all higher than expected. Net sales-and-use tax revenue came in lower than projected.
The state has also collected more than expected in the current fiscal year that ends June 30. Nebraska has received $3.275 billion so far, compared to projections of $3.021 billion.
The projections are based on estimates from the Nebraska Economic Forecasting Advisory Board. Lawmakers and the governor use the board's numbers to set the state budget.