STATE OF NEBRASKA REVENUE FORECAST UP, BUT VIRUS IMPACT A QUESTION

Lincoln- Nebraska's economic forecasters edged the state's revenue projections higher Friday in spite of questions about what impact the COVID-19 virus could have on businesses or the state's workforce. 

Generally, information for forecasts is gathered from national forecasting services, and the virus wasn't incorporated into those forecasts, Tom Bergquist, legislative fiscal analyst director, told the Nebraska Economic Forecasting Advisory Board. The board revised the fiscal year 2019-20 forecast by an increase of $115 million, with projections that sales and corporate taxes would rise. Members weren't as optimistic about fiscal year 2020-21, raising projected revenues by only $25 million. 

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