Part of The Problem

Jason Clayworth and the other idiots at the Ragister have again shown how irresponsible they are with this headline and opening paragraph.

Iowa has another $120 million to spend

Because the three-member Iowa Revenue Estimating Conference makes that projection doesn't make it real money that needs to be spent.

Reading further into the article you find --

At one point the group considered boosting their projections by $100 million than approved today for the upcoming fiscal year. They ultimately decided against that idea in an attempt to be more conservative and avoid possible headaches to state officials who would have to consider mid-year cuts should the numbers be overly optimistic.

The Revenue Estimating Conference wrong?

It happens and the scientific community is united in that fact.

March 2009, the Revenue Estimating Conference stated the net General Fund revenues would be $129.7 million less in FY2009 and $269.9 million less in FY2010 than the Governor’s budgets.

The Governor's budget's are based on the December Revenue Estimating Conference projections.