Happy days are nearly here again. The Iowa Economic Forecasting Council says the economy has nearly bottomed out, and will be on the rebound in 2003.Beth Ingram, the director of the Institute for Economic Research at the University of Iowa, is also chair of the Iowa Economic Forecasting Council. She says the economy appears to have hit rock bottom in July, August and September of last year.Ingram says things started turning around in October, November and December, as employment picked up and income rose. The Economic Forecasting Council yesterday predicted the state of Iowa’s economic fortunes will soon turn-around, so that by 2003, state tax collections will be about three percent ahead. Right now, tax receipts are way behind.The Council’s forecast will be used by a three-member panel of state financial experts who’ll meet next week to revise the official estimate of state tax revenue. That new figure will be used by legislators and the Governor to determine how deeply to cut the state budget.
RECENT NEWS
FOLLOW US ON TWITTER
UNI receives grant to turn old photos into interactive exhibit
UNI receives grant to turn old photos into interactive exhibit - Radio Iowa
An archival photography project at the University of Northern Iowa has landed a federal grant to help its users ...
www.radioiowa.com
Home test
Home test - Radio Iowa
www.radioiowa.com
Unhealthy air detected in parts of the state from Canadian wildfire smoke
Unhealthy air detected in parts of the state from Canadian wildfire smoke - Radio Iowa
The wildfire smoke from Canada is back over Iowa once again. Brian Hutchins at the DNR Air Quality Bureau says ...
www.radioiowa.com
Banks in Sioux, Lyon County the target of check cashing fraud
Banks in Sioux, Lyon County the target of check cashing fraud - Radio Iowa
The Sioux and Lyon County Sheriff Departments are working with local police trying to identify individuals involved ...
www.radioiowa.com