The Legislative Services Bureau has released its latest report on state tax receipts. It includes tax collections through November 30, 2009. The three-member Revenue Estimating Conference will meet in mid-December to review this report (and other data) and establish an official prediction of state tax revenue for the 2011 state budgeting year (FY 2011 runs from 7-1-10 through 6-30-11). In early 2010, state lawmakers will begin crafting a budget for FY 2011 and state law requires that “prediction of state tax revenue” from the three-member Revenue Estimating Conference to be the basis (bottom line figure) for those budget plans.
About O.Kay Henderson
Kay is a founding member of the Radio Iowa network newsroom. In 1994, she became the network’s news director. She’s a featured reporter and commentator on Iowa Public Television’s “Iowa Press,” and the 2002 recipient of the Shelley Award.
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