Future State Revenue Estimates For Iowa Higher Than Expected

By: The Associated Press Email
By: The Associated Press Email

An Iowa business panel says the state's revenue will grow by 3.3 percent in the current fiscal year and by another 3.4 percent after that. Estimates out Wednesday are a step up from earlier forecasts by the same three-person panel.

The Revenue Estimating Conference now says net state revenues are projected at more than $6.5 billion for the fiscal year that began in July and ends next June. That's almost $35 million more than the panel projected in October for the same period. Revenue for the fiscal year beginning after that is now pegged at more than $6.7 billion.

The panel also warns about looming economic uncertainty, including the outcome of the so-called fiscal cliff and consumer confidence.

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