NEFAB sets new projections for Nebraska state tax revenue

The Nebraska Economic Forecasting Advisory Board increased its projections for state tax revenue in the upcoming year, but the board is less optimistic about fiscal year 2025. The board now projects Nebraska will collect $6.445 billion dollars in state tax revenue between July 2023 and June 2024. That represents an increase of nearly $8 million dollars from the previous projection set in April 2023.