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State officials map 1992 budget amid revenue lag
Iowa officials opened planning for the 1992 budget with revenue growth forecast around 4.5 percent and a projected year-end surplus of 90 to 100 million. The shortfall includes lagging corporate tax receipts and higher refunds, with a deficit possible for the coming year but lottery profits totaling about 19 million to cushion the gap. Governor Branstad urged innovative resource reallocation during the two day conference.
MENTIONED IN THIS ARTICLE
Ankeny
State Department
Patrick Cavanaugh
State Department of Management
Cavanaugh
Iowa
Treasury
Terry Branstad
Branstad