LINCOLN- On Wednesday of this week, the Nebraska Department of Revenue released the April 2024 General Fund receipts. Tax Commissioner James R. Kamm reports that gross General Fund receipts for April were $970 million, which is 3.7% below the forecast of $1.007 billion.

April tax refunds were $605 million, which is 28.4% above the forecast of $471 million. Net receipts for April were $365 million, which is 32.0% below the forecast of $536 million. Net General Fund receipts for fiscal year 2023-24 through April were $6.055 billion, which is 2.4% above the forecast of $5.916 billion.

The comparisons in this report are based on the forecast made by the Nebraska Economic Forecasting Advisory Board (Board) on February 29, 2024. The Board forecast was divided into monthly estimates by the Tax Commissioner and Legislative Fiscal Analyst on March 11, 2024.

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