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What passes for optimism nowadays
November 03, 2009
A headline written by a "half-full" kind of editor:
Iowa revenue down, but not by double-digits
Great news! It could have been even worse!
The Legislative Service Agency's monthly revenue report Monday indicated that state net tax receipts are running $151.4 million behind the same four-month period last fiscal year. That represents are drop of 7.8 percent so far this fiscal year compared to the July-through-October period of fiscal 2009."It's great not to see double digits, even if it is for one small month," said Jeff Robinson, a fiscal analyst at the nonpartisan legislative agency. October's 2.7 percent decline, while "not terrible," still represented 11 months of slumping revenues, he added.
"Not Terrible!" All right, then.
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