Nebraska Revenue Beats Forecasts: All 4 Categories
Nebraska is now the 13th state to report an improvement in August tax revenues, thanks to the expansion of economic activity:
"For the first time in more than two years, monthly state tax revenue in Nebraska came in above forecasts in all four tax categories in August. Revenue from the four categories -- sales tax, individual income tax, corporate income tax and miscellaneous taxes -- were above the forecast for August.
The last time Nebraska's net monthly receipts (after refunds) were above forecast in all categories was September 2007, and the last time gross monthly receipts came in above forecast in all categories was June 2008.
"We needed to have a good month," to show that the state economy wasn't heading into another dip, said state Sen. Lavon Heidemann."
See the full list of 13 states here.