LINCOLN, Neb. (AP) - Nebraska is now expected to collect an additional $204 million in the current fiscal year, according to new projections approved Friday.

The Nebraska Economic Forecasting Advisory Board estimated that state revenue will come in roughly 4% higher than previous projections.

The board also raised its revenue forecast by $165 million for the next fiscal year that starts July 1 and $93 million for the following fiscal year. The board's decisions determines how much money is available to state lawmakers.

In a statement, Gov. Pete Ricketts said the increased forecast gives the state the opportunity to reduce property taxes.

<figure>
 <img src="https://media.eaglewebservices.com/public/2020/12/1608825634004.jpeg" alt="" />
 <figcaption></figcaption>
 </figure>LINCOLN, Neb. (AP) - Nebraska is now expected to collect an additional $204 million in the current fiscal year, according to new projections approved Friday.The Nebraska Economic Forecasting Advisory Board estimated that state revenue will come in roughly 4% higher than previous projections.The board also raised its revenue forecast by $165 million for the next fiscal year that starts July 1 and $93 million for the following fiscal year. The board's decisions determines how much money is available to state lawmakers.In a statement, Gov. Pete Ricketts said the increased forecast gives the state the opportunity to reduce property taxes.

Nebraska forecasting board raises revenue projections