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August 2013 - Volume 21, Number 3


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Iowa's Monthly State Revenue and Estimated Net Yearly Revenue

(in millions)


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


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.


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