What March gave, April took away.
State revenue surged in March only to plummet in April, according to numbers released by the Nebraska Department of Revenue.
The department reports net tax collections last month fell 7.2% below the prediction of the Nebraska Economic Forecasting Advisory Board.
Net tax receipts in April totaled $483 million, well below the projected $520 million.
The fall off can be attributed to a drop in state income tax receipts, both individual and corporate, as well as a drop in sales tax receipts.
The two month swing is mostly a wash. State revenue in March jumped $37.5 million ahead. In April, it fell back $37.7 million.
State tax revenue as a whole still is ahead of the forecast, about $3 million better than forecast.