The Revenue Estimating Conference ("REC") met today as part of their standard schedule of meetings to estimate future state revenues. REC members Kraig Paulsen (Gov.'s Appointee), Jennifer Acton (LSA), and Jeff Plagge (Public Member) serve on the three-member panel. A summary of the information discussed during the meeting is below, along with the linked spreadsheet distributed at the meeting that contains more granular revenue information.
Summary:
Reminder, the Iowa Legislature is required to use the lesser of the December or March REC numbers for purposes of setting their upcoming budget for FY27. See 8.22A(3). Based upon today's numbers, the legislature will be required to use today's REC numbers outlined below.
