Top headline: Iowa Capital Dispatch
Bottom headline: Des Moines Register
Stephen Gruber-Miller reports in the Register:
New estimates Thursday from the state Revenue Estimating Conference anticipate Iowa will take in $8.51 billion in fiscal year 2026, which begins July 1. That's $400 million less than the state's current fiscal year spending of $8.91 billion.
Gov. Kim Reynolds has proposed a $9.43 billion budget for the coming fiscal year, which leaves a roughly $900 million gap between new state revenues and potential spending.
In a statement Thursday, she said Iowa's 3.8% flat tax, which kicked in Jan. 1, is working as expected.
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