• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Politics / Govt / Officials expect state coffers to get $80 MIL more than expected

Officials expect state coffers to get $80 MIL more than expected

April 9, 2005 By admin

The state panel that tries to predict the amount of tax revenues that’ll come into the state’s coffers has upped its estimate for this fiscal year and the next. Dennis Prouty, director of the Legislative Services Agency, and one of the members of the Revenue Estimating Conference, says they’re upping the estimate for this year by an extra 80-million dollars and 85 million for the next year. He says for 2005 they were predicting two-point-seven percent growth and now are predicting four-point-one. For 2006 they’d predicted one-point-eight and have upped that to two percent — while incorporating in 100-million dollars in tax changes that’ll bring in less receipts. Prouty says improving economic conditions are part of the reason for the increase from their December estimates. He says they were hesitant in December because of the effect of “bonus depreciation” and changes in the tax tables by the Department of Revenue. He says since then they’ve found the economy in Iowa is doing better and the overall U-S economy is doing better than anticipated. Prouty says the board has a more positive outlook now. He says things look a little better than they did in December, so they’re a little more optimistic. The state’s fiscal year runs from July 1st through June 30th.

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt

Featured Stories

Grundy Center man sentenced to life for killing State Trooper

Jodi Husientruit remembered 27 years after she disappeared

Iowa Supreme Court rules in Mahaska-Marion County regional airport dispute

Pheasant harvest and hunter numbers both up this year

Iowa Supreme Court overturns ruling creating constitutional abortion right

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 6/27/22

AJ Green signs with Milwaukee

Iowa to host Georgia Tech in ACC/Big Ten Challenge

Iowa State adds a defensive back

Radio Iowa/Baseball Coaches Association High School Poll 6/20/22

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC