“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.”