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More Money Than Expected in Nebraska

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More Money Than Expected in Nebraska

The State of Nebraska finished the last fiscal year on a strong surge, with tax revenue for the year topping four billion dollars, up over seven percent above the projection of three point seven billion dollars. Personal income taxes were up thirteen percent, while business taxes were up about twenty percent. Senator Tyson Larson of O’Neill, a member of the Appropriations Committee, says while the increase is good news, he is concerned about the pressure to spend……

Larson was critical of the budget passed by the legislature this year that increases spending by about five percent. He says the increased revenues put more pressure on Senators to spend the surplus……

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