The following document reflect the Governor’s revised budget recommendations, balance sheet and related documents for FY 2017, FY 2018 and FY 2019. The Revenue Estimating Conference (REC) met on March 14, 2017 reviewing the fiscal year 2017 and fiscal year 2018 General Fund revenue estimates and making the first official estimate for FY2019. After accounting for Senate File 130, signed by Governor Branstad on February 1, 2017, the REC lowered the General Fund revenue estimate for FY2017 $131.1 million. To correct the imbalance in the General Fund, Governor Branstad is recommending a transfer of $131.1 million from the Cash Reserve Fund. Iowa Code 8.21 requires that if the REC lowers the revenue estimate being used in the budget process, the Governor shall transmit recommendations for a budget in conformance of the revised revenue estimate in fourteen days. Also, the Governor incorporates Senate File 166 establishing the percent of growth for Supplemental State Aid for fiscal year 2018.