The Nebraska Economic Forecasting Advisory Board met Feb. 28, to review their forecast for the current and next fiscal years. The board increased the previous forecast by $115 million for fiscal year 2019-20 and by $25 million for fiscal year 2020-21, for a total increase of $140 million over the two-year period. Most of the increase can be attributed to year-to-date actual receipts, as revenues from November through February were $111 million above the October forecast.

The $115 million increase for the current fiscal year is above the forecast certified in July, and by statute, revenues a...