Highlights in this edition:

• Fiscal Year 2027 Begins with Stronger General Fund Numbers
  • With the 2024 tax cut fully implemented over a year ago, personal income tax numbers have stabilized and are expected to grow according to the March REC forecast
• K-12 Education Spending Up 34 Percent Since 2020
  • FY 2027 spending level will be almost $4.4 billion
• Republican Led Effort on Water Quality Funding Continues Implementation in August
  • The Cattle and Conservation Working Lands Program was expanded to 22 additional counties, many within the Greater Des Moines watershed
• Iowa’s Property Tax Reform Ranked First in the Nation
  • SF 2472 was the largest single property tax relief measure in the nation over the past decade, measured both per household and as savings relative to personal income

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