DES MOINES, Iowa (AP) — A panel of state budget experts predicts modest growth in Iowa’s tax revenue during the current fiscal year. The Revenue Estimating Conference met Thursday to project state revenue. The three-member panel includes the governor’s top budget adviser, the financial adviser to the Legislature and an independent member, Mason City economist David Underwood.

The group predicts net state revenue — made up of taxes and other sources — will come in at just over $6.7 billion in the current fiscal year, which ends June 30. That represents a 6.7 percent increase over the previous year and the growth is expected to continue.

The panel will meet again in December to set the revenue projection that the governor must use to craft the next budget.