Recession? Not yet in Iowa.

The Legislative Services Agency issued a report on state tax collections this morning.  Click here to read the details.  The condensed version?  Through the first eight months of the state fiscal year (which began July 1, 2007), state tax and fee collections are running 11.1 percent ahead of the previous comparable period  Some may suggest the increase in tobacco taxes which took effect nearly a year ago account for a lot of that, but according to Leiglsative Services Agency director Dennis Prouty, tobacco tax increases account for just two percent of that 11.1 percent.  Read some of Prouty's general comments here.