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Revenue Estimating Conference hears data gaps, mixed job signals; approves modest revenue increases for FY2026–27
Summary
Director Acton told the Revenue Estimating Conference Dec. 11 that federal data gaps from a recent shutdown complicate forecasting, while state estimates for FY2026 and FY2027 were modestly increased and adopted by the panel.
Director Acton told the Revenue Estimating Conference on Dec. 11 that recent federal data gaps and slowing national job growth complicate the state’s near-term revenue outlook, but staff estimates show modest revenue increases for fiscal years 2026 and 2027.
"The economic uncertainty we were experiencing in October in both Iowa and the nation has continued into December," Director Acton said in opening remarks. She noted the recent federal government shutdown removed roughly two months of federal data, creating "additional challenges," and added that "the data we do have continues to point to a slowdown in US jobs and a…
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