May 2013 - Volume 21, Number 2
Iowa's Monthly State Revenue and Estimated Net Yearly Revenue
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
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