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Revenue Estimating Conference approves FY25–27 revenue estimates and transfers; reserves remain full
Summary
On March 13, 2025, the Iowa Revenue Estimating Conference approved Legislative Services Agency estimates for fiscal years 2025–27 and authorized transfers of gambling revenue and interest to the Rebuild Iowa Infrastructure Fund; conference leaders said state reserves remain fully funded.
The Revenue Estimating Conference on March 13, 2025, approved Legislative Services Agency (LSA) revenue estimates for fiscal years 2025, 2026 and 2027 and authorized transfers of gambling revenue and interest to the Rebuild Iowa Infrastructure Fund, conference members said.
The conference’s action confirms the state has sufficient revenue to meet FY2025 appropriations and sets the initial spending thresholds for FY2026 and FY2027, officials said. Conference participants also reported that reserve funds remain fully funded.
Jennifer Acton, director of the Fiscal Services Division, opened the conference with an economic overview. “Up to this point the national economy has been performing stronger than expected and Iowa's economy has proven resilient,” Acton said, noting that consumer confidence fell in February and that economic conditions are showing signs of slowing. Acton cited a February 2025…
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