Iowa Fiscal Statistics

StatisNostics/State Financials/Iowa

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20122023

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State Revenue Analysis (Iowa: 2012–2023)

Population: 3,075,935 → 3,193,079 (3.8% change)

Overall Revenue Trends

Total Revenue▲ 55.7%

$20,391,914,000 (2012)→$31,741,996,000 (2023)

Per Capita Revenue▲ 49.9%

$6,630 (2012)→$9,941 (2023)

Fund Balances▼ 100%

$11,594,573,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 5.9%

Major Tax Revenue

Sales Tax▲ 84.5%

$2,523,266,000 (2012)→$4,655,013,000 (2023)

Utility Revenue

Solid Waste Charges▲ 38.6%

$4,284,000 (2012)→$5,938,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Regular Highway Charges▲ 6611.8%

$17,000→$1,141,000

Federal Intergovernmental Health & Hospitals▲ 1138.1%

$131,014,000→$1,622,076,000

Hospital Charges▲ 145.9%

$1,322,090,000→$3,251,219,000

Declining/Slowest Growing Sources

Local Intergovernmental Health & Hospitals▼ 84.7%

$22,483,000→$3,433,000

Interest Earnings▼ 79.3%

$1,731,788,000→$359,004,000

Federal Intergovernmental Air Transportation▼ 73.1%

$1,449,000→$390,000

Revenue Forecast

Projected Revenue (Next Year)▲ 8.6%

Estimated: $34,469,265,073

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare18.4%

Total General Sales Taxes14.7%

Individual Income Tax14.6%

Hospital Charges10.2%

Federal Intergovernmental Health & Hospitals5.1%

Miscellaneous General Revenue Not Elsewhere Classified4.6%

Federal Intergovernmental Education3.9%

Higher Education Tuition Charges3.6%

Corporation Net Income Tax2.6%

Motor Vehicle License2.4%

Federal Intergovernmental Highways2.3%

Motor Fuels Sales Tax2.2%

Higher Education Auxiliary Charges1.6%

Unemployment - Contribution1.4%

Liquor Stores Revenue1.4%

Federal Intergovernmental Other1.3%

Amusement Tax1.2%

Interest Earnings1.1%

Donations From Private Sources0.8%

Federal Intergovernmental Housing & Community Development0.7%

Tobacco Sales Tax0.6%

Insurance Premium Tax0.5%

Occupation & Business License Not Elsewhere Classified0.5%

Natural Resources Not Elsewhere Classified Charges0.5%

Net Lottery Revenue0.5%

All Other Not Elsewhere Classified Charges0.4%

Federal Intergovernmental Other Natural Resources0.3%

Fines & Forfeits0.3%

Death & Gift Tax0.3%

Corporation License Tax0.3%

Public Utilities Tax0.2%

Other Selective Sales Taxes0.2%

Federal Intergovernmental Employment Security Administration0.2%

Federal Intergovernmental Sewerage0.1%

Hunting & Fishing License0.1%

Documentary & Stock Transfer Tax0.1%

Unemployment - Interest Revenue0.1%

Alcoholic Beverage Sales Tax0.1%

Local Intergovernmental Other0.1%

Amusement License Tax0.1%

Housing & Community Development Charges0.1%

Alcoholic Beverage License Tax0.1%

Motor Vehicle Operators License0.1%

Public Utility License Tax0.0%

Workers Compensation - Other Contributions0.0%

Local Intergovernmental Highways0.0%

Sale of Property0.0%

Parks & Recreation Charges0.0%

Solid Waste Charges0.0%

Other License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Air Transportation Charges0.0%

Regular Highway Charges0.0%

Property Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Education0.0%

Royalties0.0%

Workers Compensation - Interest Earnings0.0%

Key Insights

1Total revenue increased by 55.7% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 3.8%, while per-capita revenue changed by 49.9%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Iowa: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 182%

$6,344,587,000→$17,871,218,000

Per Capita Spending▲ 171%

$2,063→$5,597

Population Trends

Population Change▲ 3.8%

3,075,935 (2012)→3,193,079 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 51%

$86,058,000 (2012)→$129,787,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 19%

$355,720,000 (2012)→$424,121,000 (2023)

Sewerage Operations▲ 23%

$767,000 (2012)→$947,000 (2023)

Administrative Expenses

Financial Administration▲ 61%

$223,282,000 (2012)→$360,352,000 (2023)

General Expenses▲ 20%

$235,047,000 (2012)→$281,803,000 (2023)

Iowa Key Insights

1Per capita expenditures grew by 171%, indicating substantial service expansion or cost increases not explained by population growth alone

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 57%

$4,203,901,000 (2012)→$6,604,830,000 (2023)

Industrial Revenue Debt▼ 100%

$1,962,179,000 (2012)→$0 (2023)

Per Capita Debt▲ 51%

$1,367 (2012)→$2,068 (2023)

Population Trends

Population Change▲ 3.8%

3,075,935 (2012)→3,193,079 (2023)

Debt Management

Most Recent Year (2023)

Issued:$1,107,512,000

Retired:$885,519,000

Net Change:+$221,993,000

Debt Retirement Trend

$287,196,000 → $885,519,000▲ 208%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 51%).