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February 2013 - Volume 21, Number 1


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Iowa's Monthly State Revenue and Estimated Net Yearly Revenue

(in millions)


Monthly State Revenue


As of December 2012 the FY13 state revenue total was $3,559.4 million, almost $225 million higher than in FY12. This is six percent higher than in FY12. Though the real workforce is down, and few – if any – workers have received 6 percent raises, tax collections are up. Tell your Legislators, no new taxes.


Estimated Net Yearly Revenue


The revised Revenue Estimating Conference December prediction for FY13 is $6,406.8 million, up from the official December 2011 estimate of $6,170.4 million. The FY14 official estimate is $6,640.5 million, an increase of almost $500 million from taxpayers.


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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