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OFFICE OF THE GOVERNOR 
Governor Kim Reynolds ★ Lt. Governor Adam Gregg  

FOR IMMEDIATE RELEASE: Wednesday December 14, 2022 
CONTACT: Alex Murphy, (515) 802-0986, [email protected] 

 Gov. Reynolds issues a statement on December REC projections  

DES MOINES – Gov. Reynolds released the following statement today in response to the December REC projections:   

“December’s REC projections confirm that we are achieving our goal of correcting the state’s overcollection of taxpayer dollars and returning it to hardworking Iowans. The historic tax cuts I signed into law earlier this year will begin to take effect in a few weeks, and as planned and expected, the projections show a slight dip in the state’s revenue. However, our state’s budget remains robust, and we continue to invest in key priorities to benefit all Iowans.” 
 

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