This website is best viewed in a browser that supports web standards.

Skip to content or, if you would rather, Skip to navigation.

Listen Live
Donate
MARYVILLE

KXCV-KRNW


News Brief

Oct. 20, 2020Des Moines, Iowa |  By: AP

Iowa budget experts see revenue growth next year


DES MOINES, Iowa (AP) - State budget experts say they expect state revenues to be about $1.9 million less than last year, revising their estimate to $7.91 billion.

The forecasters also estimated Tuesday that the state will bring in about $319 million more for next year despite economic challenges from the coronavirus pandemic and a sagging farm economy.

The estimate by the Revenue Estimating Conference for the upcoming year would equate to 4% revenue growth, giving the state about $8.23 billion to spend.

The group by law must meet again in December and provide an estimate that Gov. Kim Reynolds must use to draft a budget.