Markets
U.S. open in 64 hrs, 53 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Neb. tax revenue rebounds after dismal September
AP
LINCOLN, Neb. -Nebraska tax revenue in October rebounded after a dismal September that prompted a special legislative session to cut the state budget, but collections still fell below official projections.
On Tuesday, the state Department of Revenue reported that total, net tax revenue last month was 1.8 percent, or $3.5 million, below projections that form the baseline for the state budget.
In September, revenue nose-dived, dropping more than 11 percent below projections.
A primary reason was falling income-tax collection. That's still cause for concern. Individual income tax collection was nearly 9 percent below projections in October.
State Tax Commissioner Doug Ewald says he is cautiously optimistic about future state revenue because of the new report.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-10 17:35:25
COMMENTS ( 0 )