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Governor fails to balance budgetIowa is ending the FY 2009 budget year with a budget deficit. State tax revenues are about $161 million less than expected according to the Department of Revenue and Finance. Ending the fiscal year with a budget deficit is a violation of the Iowa Constitution.
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Culver Visits DenialIt’s a critical stretch of Culver’s governorship. The budget could be his biggest vulnerability. And someone needs to tell him that it’s way too late for “everything’s just dandy!” We expect a reality-based response when it comes to our government and our money.
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Iowa News
Iowa dips into savings to balance its budgetVastly different estimates were released Wednesday on how Iowa ended its fiscal year this week, but all projections indicate that Gov. Chet Culver will have to use cash reserves to balance the state budget.
Economists say Iowa faces a rough roadIf the predictions are accurate, Iowans can expect delays in state services and the elimination or reduction of even some of the most family-oriented parts of the budget, such as education and health care programs, economists said.
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