Sunday, September 12, 2010

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.


At 9/12/2010 1:27 PM, Blogger Benjamin Cole said...

Hmm. Many of the states reporting better tax revenues are also states identified by the Tax Foundation as net winners in the federal spending and revenues game.

Nebraska gets back $1.10 for every dollar sent to DC--but that was before stimulus. It is part of the Red State Socialist Empire.

Some say stimulus doesn't work--but never has a Red State said, "Okay, let's break even on federal tax and spending," They always want more and more."

BTW for Dr Perry:

This link shows college expense rising 2-3 times after inflation since 1980. For what?

For higher professorial salaries, athletic teams and administrators. Nothing for real students.

Goes to show, from the Pentagon to higher ed, if you water with public dollars, you will get ossified lard in return.

At 9/12/2010 8:14 PM, Blogger morganovich said...

"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

gee, i wonder if after 2 years of misses, they lowered the estimates some? most other states have.

this article says "beat projections" over and over, but offers no trend in projections nor any actual comparison of overall revenue to historical periods.

"not as bad as feared" is not the same as "good".

you can always jump over a bar if you set it low enough.


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