Iowa Budget

Iowa Budget


Des Moines, IA (AP) — Iowa’s State Auditor says a property tax cut approved two years ago is a significant ongoing cost for the state budget.

Mary Mosiman on Tuesday provided a review of the state budget plan negotiated by the governor and Legislature for the fiscal year that began July 1. She says a complete analysis of all budget funds shows the state will spend about $8.4 billion this year.

According to Mosiman’s report, the property tax cut – approved in 2013 – will cost the state $253 million in the current fiscal year. Mosiman noted this commitment will continue over multiple years, a practice she says doesn’t follow sound budgeting principles.

Overall, Mosiman says the state has done a good job maintaining reserve funds and limiting use of one-time resources for ongoing expenditures.

Local Headlines

in Local

People For Pets Can Thief Caught

News Arrest1240 1

A volunteer recently caught someone stealing the cans while on an early morning shift...

in Local

I-90 Accident

Minnesota State Patrol

A Fairmont man is injured in a single vehicle rollover, on Interstate 90.

in Local

Old Home Bakery Thrift Store Closes


Increased efficiency in ordering led to a lack of inventory at the store...

in Local

Shop Local For The Holidays


Small Business Saturday was established in 2010 with an estimated $14.3 billion spent in 2014...

in Local

Flu Mist Shortage


Clay County, like most of the nation, is seeing a shortage of flu mist supply this year...