The Summerland Advocate-Messenger - Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community

State forecasting board projects upward trend

 

March 11, 2021



The Nebraska Economic Forecasting Advisory Board met last week and revised the current forecast upwards. The board projected an increase of $204 million for fiscal year 2020-21, $165 million for fiscal year 2021-22 and $93 million for fiscal year 2022-23, for a total increase of $462 million. The three-year average growth rate increased from 2.9% to 3.4%.

Under LB 1107, the property tax relief bill passed last year, property taxpayers are eligible for a refundable income tax credit based on the amount of real property taxes paid to schools during the prior year. The credit was funded at $1...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021

Rendered 11/22/2021 12:49