• 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 / News / Panel predicts $20 million decrease in Iowa tax revenue

Panel predicts $20 million decrease in Iowa tax revenue

March 15, 2019 By O. Kay Henderson

Dave Roederer (file photo)

A panel that estimates how much tax revenue the state of Iowa will collect predicts a slight slow down in the next budgeting year that starts July 1.

Dave Roederer, the governor’s budget director, says he and the other two members of the panel know there’s a recession ahead, they just don’t know when.

“It’s kind of like we’re heard for how many weeks that someday it’s going to quit snowing and so, you know what, it’s going to happen. We just don’t know when it’s going to happen,” Roederer says. “…We still have employers in this state and in the rest of the country that are trying to hire additional employees, so that’s always kind of an indicator as well.”

The State Revenue Estimating Conference predicts lawmakers will have about $20 million less to work for next year’s budget. That won’t impact budgeting right now because Republican leaders in the House and Senate already were planning to spend significantly less than the total revenue estimate released today.

In each of the past two years, lawmakers had to make mid-year cuts in the state budget, but current state tax receipts are steady and cuts are not necessary.

Share this:

  • Facebook
  • Twitter

Filed Under: Education, News, Politics / Govt Tagged With: Legislature

Featured Stories

Iowa Supreme Court overturns ruling creating constitutional abortion right

Iowa’s governor launches $100 million school safety plan

Urbandale teacher crowned Miss Iowa

DOT taking input on proposed electric vehicle charging network

Glidden man cleared in poaching case, questions DNR tactics

TwitterFacebook
Tweets by RadioIowa

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

Radio Iowa/Baseball Coaches Association High School Poll 6/13/22

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC