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Revenue Estimating Conference adopts LSA FY26 estimate, sets FY28 growth at 2.9% and approves transfers
Summary
The state Revenue Estimating Conference adopted the Legislative Services Agency estimate for fiscal year 2026, approved a FY28 growth projection of 2.9%, and approved transfers of gambling revenues and reserve interest to the Rebuild Iowa Infrastructure Fund, all by unanimous voice votes.
The Revenue Estimating Conference on March 12 adopted the Legislative Services Agency recommendation for fiscal year 2026 general fund estimates and approved a set of related fiscal decisions, including a 2.9% growth projection for fiscal year 2028 and transfers of gambling revenues and reserve interest to the Rebuild Iowa Infrastructure Fund.
Director Acton, who presented the conference with the economic and revenue outlook, said, "As of March 6, Iowa general fund revenues are down 8.2% for the year," and summarized national and…
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