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Iowa budget experts see revenue growth next year


Associated Press: State budget experts said Tuesday they expect Iowa revenues to be about $1.9 million less than last year, revising their estimate to $7.91 billion. The forecasters also estimated 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 for the upcoming year would equate to 4% revenue growth, giving the state about $8.23 billion to spend, according to the Revenue Estimating Conference, a three-person panel that provides guidance for the governor and Legislature.

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