September transfer for school infrastructure could shift FY2026 totals, agency warns
Richardson said transfers of 6¢ of sales tax to local school infrastructure were budgeted at $722 million for FY2026 but through Aug. had totaled $733 million; he warned the final September transfer has historically varied and could adjust the FY2026 result.
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Eric Richardson, senior fiscal analyst for the Iowa Legislative Services Agency, said one remaining open accounting item is the September transfer of 6¢ of sales tax to local school district infrastructure, which can change the final FY2026 net revenue total.
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