Experts predict 2.7% dip in state tax revenue in current fiscal year

A state panel is predicting state tax collections for this budgeting year will fall 2.7% below the last one. Iowa Department of Revenue director Kraig Paulsen said tax cuts for retirees, corporations and individuals in the top state tax bracket are what’s driving that negative number. “Definitely not pessimistic,” said Paulsen, who’s chairman of the […]