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Revenue Estimating Conference adopts LSA revenue estimates for FY2026 and FY2027
Summary
The Iowa Revenue Estimating Conference on Oct. 16, 2025 adopted Legislative Services Agency projections for the state general fund for fiscal years 2026 and 2027 after hearing a presentation that FY2025 net general fund revenue fell about $816.6 million, or 8.4%.
The Iowa Revenue Estimating Conference on Oct. 16, 2025 adopted Legislative Services Agency (LSA) revenue estimates for fiscal years 2026 and 2027 after hearing officials report that fiscal year 2025 net general fund revenue declined by $816,600,000, or 8.4%, from the prior year.
The action confirms the revenue assumptions the state will use to meet FY2026 appropriations and to set spending thresholds for FY2027, a director for the conference said during the meeting.
Director Jennifer Acton, who opened the substantive briefing, said, “A little over 3 weeks ago, the books closed for f y 20 25. Net general fund revenue, including transfers for the year, decreased 816,600,000.0 or a minus 8.4% compared to f y 20 24.” She told members that fiscal year 2026 is the first full fiscal year in which…
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