In the news: $127.3 million state budget surplus
Tuesday, November 13, 2018
Iowa budget officials say the state budget will end its fiscal year for 2018 with a general fund surplus of about $127 million.
The state budget surplus surged to end the 2018 fiscal year four times larger than expected.
Iowa Governor Kim Reynolds announced Tuesday the State of Iowa will end Fiscal Year 2018 with an estimated balance of $127.3-million in its general fund. That’s $95.6-million more than what the Revenue Estimating Conference predicted in March.
Governor Reynolds says the final report on the most recent state budget shows the state’s economy is growing and the state’s cash reserves are full.