Iowa lawmakers: Less revenue for upcoming session

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Iowa lawmakers: Less revenue for upcoming session

^{Published on 2024-12-15 13:00:46 - MSN}

The Revenue Estimating Conference met on Thursday morning at the Iowa Statehouse to look at projected revenue goals in the state for fiscal years 2025 and 2026. Lawmakers had $9.75 billion in state revenue in FY24,

The article from MSN discusses the financial situation for Iowa's upcoming legislative session, highlighting that state lawmakers will have less revenue to work with. This reduction in funds comes at a time when there are numerous demands for increased spending, including education, mental health services, and infrastructure. The state's Revenue Estimating Conference has projected a decrease in revenue, influenced by factors such as lower-than-expected tax receipts and economic forecasts. This situation has led to discussions on budget priorities, with some legislators advocating for tax cuts while others push for investments in public services. The article also mentions the potential impact on ongoing projects and the need for careful financial planning to address the shortfall without compromising essential services.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/iowa-lawmakers-less-revenue-for-upcoming-session/ar-AA1vTPrr ]

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