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May 2012 - Volume 20, Number 2


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Iowa's Monthly State Revenue and Estimated Net Yearly Revenue
(in millions)


Monthly State 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


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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