IMPORTANT INFORMATION FOR DISH SUBSCRIBERS – SERVICE INTERRUPTION – CLICK HERE

BUDGET TARGET: State Lawmakers Release Plans

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Generic State Budget

House Republicans and Senate Democrats at the state house unveiled their budget plans for the upcoming fiscal year.

The Senate plan calls for $6.9 billion in general fund spending, which translates to about 95-percent of available revenues. The plan calls for commercial property tax cuts, increased educations spending, increased access to healthcare, and a tax cut for working Iowans.

The House plan calls for $6.4 billion in spending, which is about 90-percent of available revenues. Further details of the Republican plan were not released.

Senate Republican Jack Whitver of Ankeny responded to the Democrats plan saying, “A budget that spends $200 million more than we bring in and increases spending by over 10% from last year is unsustainable and irresponsible. Senate Republicans will continue to use the same budgeting principle that all Iowans use: We will not spend more money than we bring in.”

Iowa law allows the Legislature to spend up to 99 percent of available revenues.

Lawmakers need to pass a budget by June 30th.

Follow

Get every new post delivered to your Inbox.

Join 2,937 other followers