Other states are struggling — California’s operating solely on borrowed money — but Iowa’s budget is in relative good health according to the legislature’s top financial expert. Legislative Services Bureau director Dennis Prouty says the state ended the fiscal year on June 30th in the black. Tax collections were ahead of predictions. Prouty says tax receipts for the just-concluded fiscal year were point-eight percent better than the previous 12 months. That’s about 12-million dollars more than state financial experts had predicted. Prouty says it’s a small gain — when compared to the state’s roughly five-billion dollar state budget, but he says at least it’s a positive figure instead of a negative figure. Prouty says Iowa’s in very good shape compared to other states and making progress. Iowa and 45 other states have fiscal or budgeting years that start on July 1st. Several state legislators have yet to adopt budgets and many face hefty deficits.
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