State panel projects deeper 2026 revenue decline from federal tax changes

By: Robin Opsahl

Outlets: Iowa Capital Dispatch

Published: March 12, 2026

Words: 1,077

Last Updated: 4 months, 3 weeks ago

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The Iowa Revenue Estimating Conference projected Thursday that state revenues will decrease by 9.3% from fiscal years 2025 to 2026 — a larger drop than previously expected.

The last time the REC met, in December 2025, the panel estimated Iowa’s net revenues would decline by 8.8% from fiscal year 2025 to 2026, from roughly $8.94 billion to $8.16 billion. This figure was updated Thursday to project an additional loss of roughly $46 million, meaning …

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