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State revenue estimates take multimillion-dollar dive
Exon administration trims 1977 78 revenue forecast from 513 million to 510 million dollars nation data and slower profits growth drive downward revision. Food sales tax credit increase will reduce revenues by about 5.8 million, moving available general fund to just over 504 million. Budget officials weigh cuts and overlevy options as Peters notes energy proposals may depress economy.
MENTIONED IN THIS ARTICLE
Don Plepe
Exon
State Revenue Dept
William E. Peters
Roland Luedtke
Lincoln Journal
Peters
Gov
J. J. Exon
Jerome Warner
Warner
Revenue Dept