News

Iowa Budget

Iowa Budget

Des Moines, IA (RI) — Iowa’s State Auditor Mary Mosiman is predicting the state budget will remain positive for the next 11 months.

,Mosiman says that even though the latest budget plan spends 171-million dollars more than the state is expected to collect in taxes. She says the state’s ample surplus will cover the difference.

Mosiman has just released her analysis of the state spending plan lawmakers and the governor approved this spring for the budgeting year that began July 1st, giving lawmakers good marks for “spending discipline” and for filling up all the reserve accounts set aside for economic emergencies. But Mosiman is warning that lawmakers cannot keep dipping into the state surplus to finance education reform and fulfill the promise that the state would make payments to local governments as commercial property tax rates go down.

Mosiman says the state currently has a 746-million dollar surplus, but by June 30th of next year it will likely be reduced to around 575-million. Legislators drafted a budget plan this spring and Governor Branstad took final action on the budget bills in May and June, nixing some spending proposals. The auditor’s report concludes the final spending plan for state government operations totals seven-point-four BILLION dollars.

Mosiman, a Republican, was appointed state auditor over a year ago by Governor Terry Branstad and she’s on the November ballot, seeking a four-year term as state auditor.

Local Headlines

in Local

Thee Named IGL Chamber President

Updated
thee

The Iowa Great Lakes Area Chamber of Commerce hires a new president and CEO...

in Local

Estherville Tattoo Maker Arrest

Police

An Estherville teen is charged after giving a tattoo,..

in Local

Spencer Cemetery Deadline

News CitySpencer1240

Winter wreaths are allowed to be put in place starting next Wednesday, October 8th...

in Local

Community College Workforce Grants

cash1240

Iowa Lakes Community College is in line for over $808,000...

in Local

New CCF Grandstand Ticket Option

ccf1240

The Clay County Fair will have a new way to purchase Grandstand tickets next year...