Iowa reported earlier this month that in July it saw a 1.2% increase in revenue over last year and the growth is stronger than its economic forecasters predicted.

The state’s formal Revenue Estimating Conference, whose projections are used to craft the state’s budget, predicted an annual growth rate in revenue of negative 0.1%.  The state collected $412.1 million in July, the first month of the new fiscal year, up $4.7 million over July of 2008.

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