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DES MOINES — General fund revenue for the state budget year that ended in June was nearly $200 million less than projected by a nonpartisan state panel in March, according to final numbers published this week.
Iowa collected $8.8 billion into its general fund in the state budget year that ended June 30, according to final numbers published by the nonpartisan Iowa Legislative Services Agency .
That was $198 million less than what the state’s nonpartisan Revenue Estimating Conference projected in March .
The REC is scheduled to conduct its next meeting on Oct. 16.
The $8.8 billion in general fund revenue was an 8.1 percent decrease over the previous budget year, according to LSA’s figures