Iowa’s three-member Revenue Estimating Conference revised estimates for fiscal 2008 and 2009 upward, bucking the downward trend in revenue projections seen by many of its neighbors.

The group revised its revenue estimates for the current $6.4 billion fiscal 2008 budget that runs through June 30 by nearly $80 million and by nearly another $48 million next year. The anticipated growth rate in the current fiscal year is 7.4%, with revenues then growing by 2.1% in the next fiscal year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.