Iowa’s state surplus tops $1.2B, could lead to tax cuts
BPC Staff Sep 28, 2021 | 7:43 pm
<1 min read time
82 wordsAll Latest News, Government Policy and Law, Statewide NewsCedar Rapids Gazette: The state ended fiscal 2021 with a general-fund surplus of nearly $1.24 billion, Gov. Kim Reynolds announced Monday — much more than earlier forecast and money she has indicated could lead to further tax cuts. While the state’s fiscal year ended June 30, there was an accrual period for three months afterward during which state agencies closed out the books. The state Legislative Services Agency had estimated in May that the surplus for fiscal 2021 would be $487.6 million.
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