LINCOLN - The Nebraska Department of Revenue has released the numbers for general fund receipts for May 2020. May’s number was $519 million, 1.2% below the state’s forecast of $526 million.

Most categories fell below the forecast, from 18% for gross corporate income taxes to 4% for gross sales and use taxes. The only category in the black was gross individual income, coming in at 1.5% above forecast.

The Nebraska Economic Forecasting Advisory Board projects future numbers to help senators hammer out their state budget. The board’s next regular meeting is in October, but its members have agreed to come back on July 23 to help make new revenue projections.

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