Iowa’s net general fund revenue decreased $78 million in April, a decrease of nearly 19 percent when compared with April 2015, said Jeff Robinson, a senior fiscal analyst for the Legislative Services Agency, in his monthly video memo. The month’s revenue decline was in large part due to the result of lower deposits of payments made when individual income tax returns for tax year 2015 were filed. With the tax return due date this year being May 2, it remains to be seen whether the April decrease will continue in May or perhaps reverse to some degree. Fiscal year to date, net revenue growth was 0.6 percent through April 30.

 

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