CHICAGO — Iowa expects to collect nearly $300 million more in revenue during the current fiscal year than previously anticipated and projects a 3.3% increase in revenues in fiscal 2011, its revenue estimating committee announced Monday.

The state now expects to close the fiscal year June 30 with 2.2% more in revenue than it previously estimated. Personal income tax receipts are now projected to grow by 3.6% in the current budget, up from a previous estimate in negative territory. The state is operating on a $5.28 billion fiscal 2011 budget.

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