The chances of Nebraskans seeing significant tax cuts in the coming years grew by $775 million Monday, thanks to a rosy new forecast of state revenues. The new projections would push the state’s cash reserve fund to a record $1.7 billion by the end of the two-year budget period.

The Nebraska Economic Forecasting Advisory Board boosted its revenue projections for the two years ending June 30, 2023, by $775 million. Governor Ricketts and some senators say the new forecast should convince lawmakers to pass even more tax relief than what’s been discussed this year.

To read the full story, please log-in or subscribe to the digital edition:

Click here for West Point News E-Edition