DES MOINES, Iowa (Gray Media Iowa Capitol Bureau) - Iowa’s Revenue Estimating Conference predicts state tax revenue will increase due to consumer spending, but overall revenue will still drop by $1 billion compared to last year.

It follows the panel’s prediction of a 9% yearly decline in state revenues in October.

That’s from multiple factors, including previous Republican-led tax cuts.

The REC says it could not access all the data it typically uses because of the partial federal government shutdown, making economic predictions more difficult.

“Whether it was the shutdown, the tariffs, some of the policies and hopefully they’ll be able to land on some of those things they need to land on in short order so the rest of us can all make decisions,”said Kraig Paulsen, Gov. Kim Reynolds’ top

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