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

2015 University of Okoboji Winter Games Results

2015 Winter Games

Results From The University of Okoboji Winter Games...

in Local

Alta Felony Assault

News Arrest1240 1

24-year-old Matthew Drew of Alta, was eventually taken to the Mercy Medical Center for his injuries...

in Local

Miss Shamrock Contestants Needed

stpats

To enter any of the pageants contact the St. Pat's Headquarters in Emmetsburg...

in Local

Strong Business Momentum In Spencer

spencermarkedmap

The city of Spencer is riding strong momentum as the business landscape grows...

in Local

Odebolt Home Invasion

News Arrest1240 1

Four are arrested on multiple charges after a break in and assault...