The Legislative Services Agency is reporting Iowa's tax collections fell by 19.2 percent in September, the eighth consecutive month the state has seen a decline in revenues.
Agency fiscal analyst Jeff Robinson said Thursday the drop in revenue last month was worse than he anticipated. He said September saw personal income tax receipts slip 8.8 percent.
Robinson said the decline reflects Iowa's worsening employment picture and deepening effects of the national recession.
According to the Legislative Services Agency, sales and use tax receipts slipped by 7.8 percent, while corporate income and inheritance taxes also slipped.
Culver administration officials were not immediately available for comment. However, House Republican Leader Kraig Paulsen said the first-quarter revenue numbers are further evidence that Culver's I-JOBS bonding program to create jobs is not working.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Agency fiscal analyst Jeff Robinson said Thursday the drop in revenue last month was worse than he anticipated. He said September saw personal income tax receipts slip 8.8 percent.
Robinson said the decline reflects Iowa's worsening employment picture and deepening effects of the national recession.
According to the Legislative Services Agency, sales and use tax receipts slipped by 7.8 percent, while corporate income and inheritance taxes also slipped.
Culver administration officials were not immediately available for comment. However, House Republican Leader Kraig Paulsen said the first-quarter revenue numbers are further evidence that Culver's I-JOBS bonding program to create jobs is not working.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
