Monday, July 11, 2011

Gov. Heineman Comments on Latest State Tax Receipts

July 11,, 2011 (Lincoln, Neb.) Gov. Dave Heineman today commented on June state General Fund receipts, which were released today by the Nebraska Department of Revenue.
Net General Fund revenues for June were above the Nebraska Economic Forecasting Advisory Board projections by $19 million, with $359 million in actual receipts versus the $340 million projected for the month. The state ended FY 2010-2011 above projections by approximately 4.3 percent.
Gov. Heineman said, “The continued gains in state receipts are a clear indication that Nebraska’s economy continues to improve. Additionally, we are rebuilding our Cash Reserve Fund to $362 million. This is good news for Nebraska and demonstrates that Nebraska’s fiscal practices are keeping us in better shape than most of America.”

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