August 2013 - Volume 21, Number 3
Iowa's Monthly State Revenue and Estimated Net Yearly Revenue
Monthly State Revenue
As of June 2013 the FY13 state revenue, fiscal year-end total was $7.88 billion, over $516 million higher than in FY12. State tax collections are at an all-time high, increasing by almost a billion dollars since FY09. What could Iowa workers and families do with this money?
Estimated Net Yearly Revenue
The Revenue Estimating Conference has not met since March, so the revised prediction for FY13 of $6.53 billion in tax collections stands. This was up from the official December 2011 estimate of $6.17 billion. The FY14 estimate remains at $6.77 billion.
Source: Legislative Services Agency “Monthly General Fund Revenue Memo,” and Revenue Estimating Conference Report
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