Iowa's fiscal year closes with revenues higher than expected
DES MOINES, Iowa: Iowa has ended its fiscal year with $54.5 million in revenue collections above estimated figures, an increase of 6 percent over fiscal 2010. The 6 percent increase was one percent higher than expected.
As a whole, Iowa collected $329.3 million more in revenue than it did last year. Last year's overall total revenue is still not yet known, due to the continuing flow of expenses or revenue collections that can be attributed to fiscal year 2010. To account for this, the books will remain open until September, as is customary for the state.