Nebraska Tax Revenues Top Forecast in January

State sees $37 million in extra revenue, driven by sales and use taxes

Published on Feb. 17, 2026

Got story updates? Submit your updates here. ›

Nebraska's state tax revenues for January exceeded the October 2025 forecast by 6.5%, bringing in an additional $37 million. Sales and use tax revenues were the biggest contributor, while individual and corporate income taxes came in below projections.

Why it matters

The latest tax revenue figures will be a key input as Nebraska's Economic Forecasting Advisory Board updates its budget projections later this month, which will help determine the size of the deficit lawmakers must address before the end of March.

The details

According to the Nebraska Department of Revenue, the state saw a net growth of 6.5% in tax revenues compared to the October 2025 forecast. Sales and use tax revenues were the biggest driver of the $37 million in extra revenue. However, individual income taxes came in 8% below forecasts, resulting in a $17.7 million loss, while corporate income taxes dropped 30.5% or $16.8 million below projections.

  • The Nebraska Department of Revenue reported the latest state tax revenues for January on Friday, February 16, 2026.
  • The State Economic Forecasting Advisory Board will meet on February 27, 2026 to update its budget projections.

The players

Nebraska Department of Revenue

The state agency responsible for collecting and reporting Nebraska's tax revenues.

State Economic Forecasting Advisory Board

The board that is responsible for updating the state's budget projections, including tax revenue forecasts.

Got photos? Submit your photos here. ›

What’s next

The State Economic Forecasting Advisory Board will meet on February 27, 2026 to update its budget projections based on the latest tax revenue figures.

The takeaway

The higher-than-expected January tax revenues provide a positive sign for Nebraska's fiscal outlook, but the state still faces a budget deficit that lawmakers must address before the end of March.