• 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 / State tax revenue down, again, in August

State tax revenue down, again, in August

September 1, 2009 By O. Kay Henderson

State tax revenues have declined for a seventh consecutive month. In the past two months, net state tax receipts have declined by a little more than four percent compared to July and August of 2008.

According to the Legislative Services Agency analysis, it amounts to a $41.5 million decrease, fueled in large part by a nearly nine percent decline in sales and use tax payments to the state in the month of August.

Personal income tax payments to the state were up slightly, by less than $2 million. Corporate taxes were up a bit as well, by a little less than a million dollars.

A three-member panel of financial experts is scheduled to meet October 7 to reevaluate their official estimate of state tax revenue for the current budgeting year. Their decision could be the catalyst for cuts in the state budget.

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt

Featured Stories

Congresswoman Axne favors Biden pandemic relief plan, Hinson not ruling out a ‘yes’

DOT plow crews struggling against blizzard conditions

Death penalty proposed for specific child murder cases

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

TwitterFacebook
Tweets by RadioIowa

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

Iowa State’s Foster to miss remainder of the season

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC