Des Moines, Iowa (RI) — State revenue forecasters are a bit more optimistic about how much tax money is flowing into Iowa’s coffers than they were two months ago. The Revenue Estimating Conference predicts state revenue for this fiscal year and the next will be slightly higher than they first thought. Iowa Department of Management director Dave Roederer is one of the three panel members.
By law, the governor is to use this month’s estimate to build next year’s state budget. The panel’s decision means Republican Governor Kim Reynolds will be able to recommend spending about 230 million dollars more than last year — for a total state budget of eight billion dollars.
