Special Session Not Likely To Deal With State’s Money Problems

DES MOINES, Iowa  -- Governor Kim Reynolds has faced questions for months on how she would deal with the state's finances and any shortfall in the budget that ended in June. On Tuesday morning she announced that her administration will announce on Wednesday what it plans to do.

"Tomorrow (Wednesday) my department of management and revenue are finalizing the numbers, and they will do an update tomorrow (Wednesday) to the media and they will provide all of that information to you tomorrow," Reynolds told reporters.

Will the governor be there? "I won't be at the media update," she responded.

Department of Management Director Dave Roederer and Department of Revenue Director Courtney Kay-Decker will handle the budget briefing Wednesday at 10:30 a.m. and announce whether the governor will need to call lawmakers back into a special session to authorize borrowing tens of millions of dollars from state reserves.

Both directors track day-to-day finances of the state. Insiders tell Channel 13 it is unlikely the governor will call lawmakers back into special session. Instead, she could use her authority to transfer up to $50 million from state reserves and then use some type of accounting measures, if there is any additional  shortfall.

The governor's public schedule shows she will be in six rural Iowa towns on Wednesday, instead of at the State Capitol for the announcement about the much-anticipated blueprint for how to handle the budget shortfall.

Wednesday, September 20, 2017

Gov. Reynolds and Lt. Gov. Gregg hold “Building a Better Iowa: Economy” event

Tour AgriVison Equipment

58668 190th St.

Pacific Junction, IA

8 a.m.

 

Gov. Reynolds and Lt. Gov. Gregg hold “Building a Better Iowa: Economy” event

Water quality best practices farm tour

4077 180th St.

Shenandoah, IA

9:30 a.m.

 

Gov. Reynolds and Lt. Gov. Gregg hold “Building a Better Iowa: Economy” event

Tour of IWCC CEAM Program, H&H Trailers & MHI

923 E Washington St.

Clarinda, IA

11:15 a.m.

 

Gov. Reynolds and Lt. Gov. Gregg hold “Building a Better Iowa: Economy” event

Tour downtown Bedford

419 Main St.

Bedford, IA

1 p.m.

 

Gov. Reynolds and Lt. Gov. Gregg hold “Building a Better Iowa: Economy” event

Tour Dragoon Trace Nature Center

2434 IA-2

Mt. Ayr, IA

2:30 p.m.

 

Gov. Reynolds and Lt. Gov. Gregg hold “Building a Better Iowa: Education” event

Visit Graceland University

1 University Pl.

Lamoni, IA

4 p.m.

The governor did not say why she couldn't hold the budget announcement on Thursday when she is scheduled to be in Des Moines during the day and could deliver the plan herself.