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Iowa Department of Management

General Fund Receipts, July 2023

General Fund Receipts, July 2023

FY 2024 Year-to-Date Growth by Month

Gross General Fund receipts for July 2023 totaled $882.9 million, an increase of $255.2 million or 40.7 percent compared to the same period last year.  As the Department of Revenue implemented legislation moving most remitters of sales and use taxes to a monthly schedule from a twice-a-month, monthly or quarter schedule; monthly comparisons have seen significant variance.  This happens when the monthly due date falls on a weekend, moving the due date for remitters to the next working day as happened in June-July 2023 time period.