Facts rebut Governor’s claim of fiscal crisis
Governor Branstad continues to claim that Iowa is facing a fiscal crisis in an effort to justify cuts to local schools, community college and university students, workforce offices and job creation efforts. But the facts—from the Iowa Department of Revenue, the non-partisan Legislative Services Bureau and the nation’s top credit rating agencies—prove the Governor wrong.
State Treasurer Michael Fitzgerald recently told Iowans that the state of Iowa is recovering even better than expected from the national recession. We have $600 million in our reserve funds—that’s 10 percent of the entire state budget. And we’ll add another $400 million in savings when the fiscal year comes to a close on June 30.
This good news was bolstered by reports in recent days of more positive trends in Iowa’s recovery from the national recession.
With these improvements in our state’s economy, now is not the time for deep budget cuts that will hurt Iowa students, workers, small businesses and communities. Instead, we must invest in student achievement and create new jobs, put more Iowans back to work and grow our state’s future.
State Treasurer Michael Fitzgerald recently told Iowans that the state of Iowa is recovering even better than expected from the national recession. We have $600 million in our reserve funds—that’s 10 percent of the entire state budget. And we’ll add another $400 million in savings when the fiscal year comes to a close on June 30.
This good news was bolstered by reports in recent days of more positive trends in Iowa’s recovery from the national recession.
With these improvements in our state’s economy, now is not the time for deep budget cuts that will hurt Iowa students, workers, small businesses and communities. Instead, we must invest in student achievement and create new jobs, put more Iowans back to work and grow our state’s future.
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