LINCOLN- Nebraska lawmakers could have a tough job balancing the state budget or providing more property tax relief next year, based on new projections of state tax revenues. At a meeting Thursday, the Nebraska Economic Forecasting Advisory Board projected minimal growth in revenues during the period ending June 30, 2027, which includes the next two-year state budget period.

The board forecast state tax revenues of $6.95 billion for the first year of the budget period and $6.965 billion for the second year, amounting to growth of 0.2% between the two years. For the current fiscal year, which ends June 30, 2025, it forecast revenues would come in $141 million less than previously expected.

State Sen. Rob Clements of Elmwood, the Appropriations Committee chairman, said the new revenue projections, combined with estimates of state spending, would put the state about $226 million into the red by the end of the period.

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