DES MOINES, Iowa ( IOWA CAPITAL DISPATCH ) - Economic uncertainty due to tariffs and the effects of the federal government shutdown are expected to continue to impact Iowa’s economy, members of the Revenue Estimating Conference said Thursday as they met to discuss Iowa’s finances heading into the 2026 legislative session.

Though the three-person panel expressed concerns about economic troubles shown through job losses, lower consumer confidence and the impacts of President Donald Trump’s tariff policies on both agriculture and small businesses, the body approved updated revenue estimates that were slightly above the 9% drop projected during its October meeting .

The governor and Iowa legislators, by law, may not budget more than 99% of general fund revenues projected by the REC’s Dec

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