February 2013 - Volume 21, Number 1
Iowa's Monthly State Revenue and Estimated Net Yearly Revenue
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,
IOWA ECONOMIC SCORECARD is published by Public Interest Institute at Iowa Wesleyan College, a
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.
All of our publications are available for sponsorship. Sponsoring a publication is an excellent way for you to show your support of our efforts to defend liberty and define the proper role of government. For more information, please contact Public Interest Institute at 319-385-3462 or e-mail us at Public.Interest.Institute@LimitedGovernment.org