LINCOLN- The Nebraska Department of Revenue released the November 2023 General Fund Receipts Friday afternoon. Tax Commissioner James R. Kamm reports that gross General Fund receipts for November were $753 million, which is 2.3% above the forecast of $736 million.

Tax refunds for November were $156 million, which is 15.6% above the forecast of $135 million. Net receipts for November were $596 million, which is 0.7% below the forecast of $601 million. Net General Fund receipts for fiscal year 2023-24 were $2.597 billion, which is 0.2% below the forecast of $2.601 billion.

The comparisons for the report are based on the forecast made by the Nebraska Economic Forecasting Advisory Board on October 27, 2023. The Board forecast was divided into monthly estimates by the Tax Commissioner and Legislative Fiscal Analyst on November 9, 2023. Previous monthly press releases are found at revenue.nebraska.gov/about/news-releases/general-fund-receipts-newsreleases.

For a copy of the press release click HERE