State revenues projected to increase as Iowa’s billion-dollar budget deficit remains

By: Robin Opsahl

Outlets: Iowa Capital Dispatch

Published: October 16, 2026

Words: 949

Last Updated: 1 day, 4 hours ago

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Iowa is expected to spend over $1 billion more than it raises in revenues in the current fiscal year, the Revenue Estimating Conference found Friday — but Iowa Department of Management Director Kraig Paulsen said this prediction remains in line with Republicans’ expectations about the initial impacts of income tax cuts.

The Revenue Estimating Conference, a three-member panel, met Friday to discuss the state’s expected economic outlook. When the conference last met in March, …

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