The Iowa Revenue Estimating Conference yesterday projected an increase in state revenue of $900,000 for fiscal 2010, and $33 million for fiscal 2011. This equates to slightly less than a 1-percent increase in growth for fiscal 2011.
While this estimate of increased revenue is welcomed, positive news, we need to keep in mind that Iowa is only beginning to emerge from the recession. It's unclear at this point whether this slight increase in estimated revenue will enable lawmakers to adjust the state budget in any significant way.
I'll continue to communicate as more information is made available.