Iowa's Monthly State Revenue and Estimated Net Yearly 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
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