DES MOINES, Iowa —

Iowa's projected general fund revenues for fiscal years 2026 and 2027 were revised down slightly.

"We are not in a period of the state's most robust growth but we do continue to see growth," said Department of Management Director Kraig Paulsen.

The Revenue Estimating Conference, a three-member panel, met Friday morning and voted on the move. State law provides that the REC is in charge of determining estimates for state revenues. It also evaluates fiscal impacts of legislation and budget proposals.

What do the numbers say?

Tax cuts by the Iowa Legislature were expected to decrease state revenues, the three-member panel says.

That means 8.4% less for the state's general fund, which is a decrease of $816.6 million.

However, some have said this is a sign that Iowa's

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