Mar 9, 2018BoardMeeting
BoardRevenue Estimating Conference Minutes
The conference updated estimates for Fiscal Year 2018 and reviewed estimates for Fiscal Year 2019, also making first estimates for Fiscal Year 2020. Discussions included the impact of federal tax law changes on Iowa revenues, the state of the Iowa economy (including agriculture, employment, and potential trade war effects), and the implications of various economic indicators. The conference reviewed and approved estimates for General Fund receipts, accruals, refunds, and transfers for FY2018, FY2019, and FY2020. Gambling revenues and interest earned on reserve funds were also reviewed.