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August 2012 - Volume 20, Number 3

   

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Iowa's Monthly State Revenue and Estimated Net Yearly Revenue
(in millions)

 

Monthly State Revenue

Monthly State Revenue

 

Monthly FY12 state revenue was $560.4 million in June, the last month of the fiscal year. This is $71 million more than in June 2011. The end of year total is $7,372 million, over $550 million more in taxes collected than in FY08. Should this money be returned to the taxpayers?

 

Estimated Net Yearly Revenue

 

The revised Revenue Estimating Conference March prediction for FY13 is $6,193.4 million, up from the official FY13 estimate of $6,170.4 million. FY12 revenues are $1,200 million above the estimate. Do you want a tax cut?


Source: Legislative Services Agency “Monthly General Fund Revenue Memo,” and Revenue Estimating Conference Report

 

IOWA ECONOMIC SCORECARD is our quarterly economic forecast, arriving in February, May, August,
and November. It consists of statistics about and analysis of the Iowa economy.

 

IOWA ECONOMIC SCORECARD is published by Public Interest Institute at Iowa Wesleyan College, a
nonpartisan, nonprofit, research and educational institute whose activities are supported by contributions from private individuals, corporations, companies, and foundations. The Institute does not accept government grants.

 

Contributions are tax-deductible under sections 501(c)(3) and 170 of the Internal Revenue Code.

 

Permission to reprint or copy in whole or part is granted, provided a version of this credit line is used: “Reprinted by permission from IOWA ECONOMIC SCORECARD, a quarterly newsletter of Public Interest Institute.” The views expressed in this publication are not necessarily those of Public Interest Institute. They are brought to you in the interest of a better-informed citizenry because IDEAS DO MATTER.

 

   

 

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