YTD Revenue Still Tracking Closely With FY22
The most recent Revenue Estimating Conference prediction is aligning with actual results. January results will provide an even better understanding of revenue trends. Iowa’s revenue report for November has been released and the data revealed net General Fund revenue for the month was $371.9 million (-38.8%) below the November…
Local Government Spending Limitations
Spending limits are similar to speed limits in a school zone, both are designed to protect. In the case of local governments, they apply the brakes to slow spending down. BACKGROUND One solution for property tax relief is strengthening the 2 percent “soft cap”…
About ITR Foundation
Let’s be honest, big government is big bureaucracy, and common sense tells us big bureaucracy is ineffective. That’s why ITR Foundation works to:
- Research principled solutions
- Educate Iowans about our solutions
- Activate Iowans in support of our solutions
By applying the principles of limited government, free enterprise, and the rule of law to public policy, we can ensure all Iowans will have the opportunity to succeed.
Making a Difference
ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa:
- A 3.9% flat individual income tax rate by 2026
- Elimination of income taxes on retirement income
- Elimination of inheritance tax
- Creating a path to reduce corporate income tax to 5.5%
- Phasing-out special tax incentives in the corporate tax code
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Recent Posts
What’s On Tap for School Choice?
School choice can take many shapes and sizes. We will all soon find out exactly what Governor Reynolds and the legislature have in mind for Iowa. …
Special Elections Deserve Maximum Voter Involvement
Many special elections include financial questions that directly affect property taxes for everybody in the area. Yet, voter turnout for these questions is typically a…
Is Iowa Recession Ready?
Although Iowa’s economy will not be immune to a national recession or other outside pressures, the fiscal condition of the state is solid. The…
Iowa Has the Homefield Advantage… with Taxes
Once Iowa’s tax reform is fully implemented, its tax ranking should jump to 13th-best in the nation — one of the best in the Midwest,…
