Iowa Fiscal Statistics

StatisNostics/State Financials/Iowa

Historical State Finances

Iowa

$12.00K$12.00K$10.00K$10.00K$8.00K$8.00K$6.00K$6.00K$4.00K$4.00K$2.00K$2.00K20122012201320132014201420152015201620162017201720182018201920192020202020212021
Spending Per Capita - Iowa
Debt Per Capita - Iowa
Revenue Per Capita - Iowa

Filter Data by Year

20122021

Revenue Data

Air Transportation Charges

$1.8M$1.8M$1.7M$1.7M$1.6M$1.6M$1.5M$1.5M$1.4M$1.4M$1.3M$1.3M$1.2M$1.2M$1.1M$1.1M201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Revenue Analysis (Iowa: 2012ā€“2021)

Population: 3,075,935 ā†’ 3,155,070 (2.6% change)

Overall Revenue Trends

Total Revenueā–² 32.4%
$20,391,914,000 (2012)ā†’$26,991,038,000 (2021)
Per Capita Revenueā–² 29%
$6,630 (2012)ā†’$8,555 (2021)
Fund Balancesā–² 32%
$11,594,573,000 (2012)ā†’$15,300,521,000 (2021)
Revenue Volatilityāœ“ Low
Avg. fluctuation: 5.3%

Major Tax Revenue

Sales Taxā–² 58.6%
$2,523,266,000 (2012)ā†’$4,002,493,000 (2021)

Utility Revenue

Solid Waste Chargesā–² 45.4%
$4,284,000 (2012)ā†’$6,228,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Regular Highway Chargesā–² 4658.8%
$17,000ā†’$809,000
Federal Intergovernmental Health & Hospitalsā–² 318.0%
$131,014,000ā†’$547,619,000
Local Intergovernmental Educationā–² 224.1%
$282,000ā†’$914,000

Declining/Slowest Growing Sources

Interest Earningsā–¼ 91.2%
$1,731,788,000ā†’$153,074,000
Local Intergovernmental Health & Hospitalsā–¼ 86.9%
$22,483,000ā†’$2,939,000
Federal Intergovernmental Air Transportationā–¼ 70.0%
$1,449,000ā†’$435,000

Revenue Forecast

Projected Revenue (Next Year)ā–² 7.3%
Estimated: $28,960,225,862
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Individual Income Tax14.9%
Federal Intergovernmental Public Welfare13.5%
Total General Sales Taxes12.4%
Interest Earnings8.5%
Hospital Charges6.5%
Federal Intergovernmental Education4.9%
Higher Education Tuition Charges4.2%
Miscellaneous General Revenue Not Elsewhere Classified4.2%
Unemployment - Contribution3.2%
Federal Intergovernmental Highways2.8%
Motor Vehicle License2.6%
Motor Fuels Sales Tax2.2%
Federal Intergovernmental Other2.1%
Corporation Net Income Tax2.1%
Higher Education Auxiliary Charges1.9%
Federal Intergovernmental Housing & Community Development1.5%
Amusement Tax1.4%
Liquor Stores Revenue1.2%
Local Intergovernmental Public Welfare1.2%
Tobacco Sales Tax1.1%
Donations From Private Sources0.9%
Federal Intergovernmental Health & Hospitals0.6%
Net Lottery Revenue0.6%
Fines & Forfeits0.6%
Occupation & Business License Not Elsewhere Classified0.5%
Insurance Premium Tax0.5%
Federal Intergovernmental Other Natural Resources0.5%
All Other Not Elsewhere Classified Charges0.5%
Natural Resources Not Elsewhere Classified Charges0.5%
Death & Gift Tax0.4%
Federal Intergovernmental Employment Security Administration0.3%
Federal Intergovernmental Sewerage0.2%
Corporation License Tax0.2%
Hunting & Fishing License0.1%
Other Selective Sales Taxes0.1%
Federal Intergovernmental Transit Utilities0.1%
Federal Intergovernmental Water Utilities0.1%
Local Intergovernmental Health & Hospitals0.1%
Amusement License Tax0.1%
Alcoholic Beverage Sales Tax0.1%
Unemployment - Interest Revenue0.1%
Alcoholic Beverage License Tax0.1%
Local Intergovernmental Highways0.1%
Documentary & Stock Transfer Tax0.1%
Housing & Community Development Charges0.1%
Public Utility License Tax0.1%
Local Intergovernmental Other0.0%
Motor Vehicle Operators License0.0%
Rents0.0%
Workers Compensation - Other Contributions0.0%
Solid Waste Charges0.0%
Parks & Recreation Charges0.0%
Parimutuels Tax0.0%
Other License Tax0.0%
Federal Intergovernmental Air Transportation0.0%
Air Transportation Charges0.0%
Royalties0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Local Intergovernmental Education0.0%
Regular Highway Charges0.0%
Workers Compensation - Interest Earnings0.0%

2021 Revenue Sources

Federal Intergovernmental Public Welfare18.9%
Individual Income Tax15.8%
Total General Sales Taxes14.8%
Hospital Charges9.6%
Federal Intergovernmental Education4.5%
Higher Education Tuition Charges4.0%
Miscellaneous General Revenue Not Elsewhere Classified3.8%
Corporation Net Income Tax2.9%
Motor Vehicle License2.8%
Motor Fuels Sales Tax2.5%
Federal Intergovernmental Highways2.2%
Federal Intergovernmental Health & Hospitals2.0%
Federal Intergovernmental Other1.6%
Liquor Stores Revenue1.5%
Unemployment - Contribution1.5%
Higher Education Auxiliary Charges1.3%
Amusement Tax1.3%
Federal Intergovernmental Housing & Community Development1.0%
Tobacco Sales Tax0.7%
Donations From Private Sources0.7%
Occupation & Business License Not Elsewhere Classified0.6%
Interest Earnings0.6%
Insurance Premium Tax0.5%
Net Lottery Revenue0.5%
All Other Not Elsewhere Classified Charges0.4%
Death & Gift Tax0.4%
Natural Resources Not Elsewhere Classified Charges0.3%
Fines & Forfeits0.3%
Federal Intergovernmental Other Natural Resources0.3%
Public Utilities Tax0.3%
Federal Intergovernmental Employment Security Administration0.3%
Corporation License Tax0.2%
Other Selective Sales Taxes0.2%
Federal Intergovernmental Transit Utilities0.2%
Hunting & Fishing License0.1%
Documentary & Stock Transfer Tax0.1%
Alcoholic Beverage Sales Tax0.1%
Amusement License Tax0.1%
Unemployment - Interest Revenue0.1%
Housing & Community Development Charges0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Highways0.1%
Federal Intergovernmental Sewerage0.1%
Alcoholic Beverage License Tax0.1%
Local Intergovernmental Other0.1%
Federal Intergovernmental Water Utilities0.1%
Public Utility License Tax0.0%
Workers Compensation - Other Contributions0.0%
Parks & Recreation Charges0.0%
Solid Waste Charges0.0%
Parimutuels Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Royalties0.0%
Property Tax0.0%
Air Transportation Charges0.0%
Other License Tax0.0%
Local Intergovernmental Education0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Regular Highway Charges0.0%
Federal Intergovernmental Air Transportation0.0%
Sale of Property0.0%
Workers Compensation - Interest Earnings0.0%

Key Insights

  1. 1Total revenue increased by 32.4% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 2.6%, while per-capita revenue changed by 29.0%.
  3. 3The state's fund balances increased by 32%, suggesting improved fiscal health.

Expense Data

Air Transportation Current Operation

$120K$120K$100K$100K$80.00K$80.00K$60.00K$60.00K$40.00K$40.00K$20.00K$20.00K$0.00$0.00201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Expense Analysis (Iowa: 2012 - 2021)

Total Expenditure Trends

Operating Expendituresā–² 36%
$6,344,587,000ā†’$8,640,001,000
Per Capita Spendingā–² 33%
$2,063ā†’$2,738

Population Trends

Population Changeā–² 2.6%
3,075,935 (2012)ā†’3,155,070 (2021)
āš ļø Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protectionā–² 28%
$0 (2012)ā†’$0 (2021)
Fire Protectionā–¼ 0%
$0 (2012)ā†’$0 (2021)

Infrastructure Expenses

Highways Maintenanceā–² 21%
$0 (2012)ā†’$0 (2021)
Sewerage Operationsā–² 12%
$0 (2012)ā†’$0 (2021)

Administrative Expenses

Financial Administrationā–² 23%
$0 (2012)ā†’$0 (2021)
General Expensesā–² 36%
$0 (2012)ā†’$0 (2021)

Debt Data

Beginning Long-Term Debt Outstanding - Non-Guaranteed Public Debt for Private Purpose

$4000.0M$4000.0M$3500.0M$3500.0M$3000.0M$3000.0M$2500.0M$2500.0M$2000.0M$2000.0M$1500.0M$1500.0M$1000.0M$1000.0M201220122012201220122012201320132013201320142014201520152015201520162016201620162016201620172017201820182018201820192019201920192020202020202020

State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debtā–² 16%
$4,203,901,000 (2012)ā†’$4,871,670,000 (2021)
Industrial Revenue Debtā–¼ 23%
$1,962,179,000 (2012)ā†’$1,508,260,000 (2021)
Per Capita Debtā–² 13%
$1,367 (2012)ā†’$1,544 (2021)

Population Trends

Population Changeā–² 2.6%
3,075,935 (2012)ā†’3,155,070 (2021)

Debt Management

Most Recent Year (2021)

Issued:$658,484,000
Retired:$596,642,000
Net Change:+$61,842,000

Debt Retirement Trend

$287,196,000 ā†’ $596,642,000ā–² 108%
šŸ”„ Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.