Iowa Revenue Panel: First-Quarter Receipts Up 6%, Annual Forecast Raised by $60 Million
Iowa's Revenue Estimating Conference has released new figures: state tax receipts grew 6 percent year over year in the first quarter of the fiscal year, and the panel raised its full-year revenue forecast by $60 million.
The three-member conference — Kraig Paulsen, Jennifer Acton and Jeff Plagge — produces the estimate on which the state builds its budget. Democrats countered that despite the upward revision, the state still faces a shortfall of roughly $1.1 billion, and the increase does not change the overall picture.
The revision mainly reflects stronger-than-expected first-quarter collections. The legislature will use the estimate as it takes up budget and tax policy in next year's session. (GSM, based on reporting by Northwest Iowa Now)
Published by GSM · USA (original Chinese edition)
Photo: Wikimedia Commons（CC BY-SA 4.0，Paul R. Burley 摄）
