October 2025 Monthly Revenue Memo

Iowa Legislative Services Agency video memo · November 6, 2025

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The Iowa General Fund Update Revenue Memo for October 2025 is presented by Eric Richardson, a senior fiscal analyst.

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A video memo from the Iowa Legislative Services Agency summarized year-to-date Iowa net general fund revenue through Nov. 3, 2025, and described actions taken at the Oct. 16 Revenue Estimating Conference (REC). The memo reported a 6.7% year-to-date decrease in net general fund revenue and detailed the effects of state tax rate reductions and recent federal legislation on FY2026 receipts. The REC lowered the FY2026 estimate by $358,000,000 and set an initial FY2027 estimate of $8,394,000,000; the REC will revisit estimates in December.

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Transcript

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