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Nebraska exceeded tax forecasts by $12 million in August, driven by higher income and sales taxes, narrowing its budget deficit.
Nebraska's general fund tax receipts exceeded projections by 2% in August, adding $12 million to state revenues—the second consecutive month of overperformance.
Higher individual income and sales taxes drove the gain, while corporate income taxes lagged 31.2% below forecast.
This improvement helps reduce the state’s projected $95 million budget deficit, though the long-term sustainability of the trend remains uncertain.
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Nebraska superó los pronósticos de impuestos en $ 12 millones en agosto, impulsado por mayores impuestos a la renta y a las ventas, reduciendo su déficit presupuestario.