A non-partisan group of budget experts met last week and they continue to be optimistic about Iowa’s economy, with job growth improving and unemployment claims down. For the current fiscal year (2015), the Revenue Estimating Conference (REC) expects revenues to be $278.4 million higher than last year (FY 2014). They also updated the revenue estimate for [...]
The state’s non-partisan budget experts met this week and reported the state has a balanced budget with over $1 billion in surplus and reserves. They also expect continued growth and a strong economy through the next fiscal year. Iowa ended fiscal year 2014 with $6.5 billion in revenue with over a $650 million surplus and an [...]
The Revenue Estimating Conference (REC) met today with a projected increase of $297.7 million in revenue for the budget in the current fiscal year. Because of revenue estimates based upon improvements to both the national and state economies the REC voted to increase its projected revenues. The REC also included that Iowa’s current fiscal year is [...]
The Revenue Estimating Conference (REC) met on Friday and boosted state revenue projections for 2008 and 2009. The Legislature uses the REC estimates to craft the state budget. For Fiscal Year 2008, the REC increased estimated growth from 6.0% to 7.2%, which is $415.9 million more than the state received in FY 2007. This new estimate is $78.8 million [...]
