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May 2013 - Volume 21, Number 2

   

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Iowa's Monthly State Revenue and Estimated Net Yearly Revenue

(in millions)

 

Monthly State Revenue

 

As of March 2013 the FY13 state revenue total was $5.47 billion, over $270 million higher than in FY12. State tax collections continue to rise, to the highest level since FY10, a $642 million increase. Continue to tell your Legislators, no new taxes.

 

Estimated Net Yearly Revenue

 

The revised Revenue Estimating Conference December prediction for FY13 is up another $120 million ($6.53 billion) from the official December 2011 estimate of $6.17 billion. The FY14 estimate was also increased to $6.77 billion, an increase of almost $500 million of taxpayer money.

 

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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