Iowa's Monthly State Revenue and Estimated Net Yearly Revenue
Monthly State Revenue
Monthly FY2012 state revenue was
$579.4 million in March, three-quarters through the fiscal year. This is almost $10 million more than in March 2012. The year-to-date total is $5,209 million, $175 million more than last year. The question remains, should this money be spent? Saved? Or returned to the taxpayers?
Estimated Net Yearly Revenue
The revised Revenue Estimating Conference March estimate for FY2012 is $5,966 million, a drop of over $65 million from the official December 2010 estimate of $6,031.3 million, the legal basis for the FY2012 budget.
The official FY2013 estimate was $6,170.4 million.
Source: Legislative Services Agency
“Monthly General Fund Revenue Memo,” and
Revenue Estimating Conference Report
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