State panel sees stable Iowa economy, sticks with revenue projections
BPC Staff Mar 13, 2020 | 4:30 pm
<1 min read time
96 wordsAll Latest News, Government Policy and Law, Statewide NewsCedar Rapids Gazette: State revenue estimators took a measured view Thursday of the economy — the turmoil caused by stock volatility, an oil price war and a global coronavirus pandemic — before setting cautious projections for slow, stable economic growth in Iowa, at least in the short term. There’s fear, but there’s no need to panic, cautioned Holly Lyons, one of a three-member Revenue Estimating Conference that predicted state tax collections would grow by $76.1 million above the current expectation but would slow to 1.8% growth next fiscal year before rebounding to 4.1% in fiscal 2022.
Trending News
