The October Revenue Estimating Conference projects that Iowa’s General Fund revenue receipts will grow by five percent in FY 19 and two percent in FY 20.
Iowa Governor Kim Reynolds’ office announced an agreement between the Governor and Iowa House and Senate leaders on the tax reform package under consideration this session. The legislation when passed represents the largest tax reform package in state history.
Jack Whitver: One of the main reasons the state revenue is not growing as fast as expected is because our manufacturing sector has decreased considerably.
The Iowa Revenue Estimating Conference announced that their estimate of the State General Fund receipts shows a $131 million budget shortfall in FY 2017.
The decline in the revenue estimate triggered concerns about the overall state budget from Iowa Legislative leaders heading into a new session.