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Gov. Reynolds issues a statement on December REC projections
DES MOINES – Gov. Reynolds released the following statement today in response to the December REC projections:
“December’s REC projections confirm that we are achieving our goal of correcting the state’s overcollection of taxpayer dollars and returning it to hardworking Iowans. The historic tax cuts I signed into law earlier this year will begin to take effect in a few weeks, and as planned and expected, the projections show a slight dip in the state’s revenue. However, our state’s budget remains robust, and we continue to invest in key priorities to benefit all Iowans.”
“December’s REC projections confirm that we are achieving our goal of correcting the state’s overcollection of taxpayer dollars and returning it to hardworking Iowans. The historic tax cuts I signed into law earlier this year will begin to take effect in a few weeks, and as planned and expected, the projections show a slight dip in the state’s revenue. However, our state’s budget remains robust, and we continue to invest in key priorities to benefit all Iowans.”
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