Wednesday May 23rd 2012

Posts Tagged ‘Iowa Budget’

Republicans Pull the Plug on Job Creation

House Republicans released their budget for the 2013 year and it hits the state’s job creation efforts and education especially hard.  Here’s the response from House Democratic Leader Kevin McCarthy:

The Republican budget will pull the plug on our job creation efforts next year.  House Democrats are committed to strengthening our economy and growing the middle class. We won’t turn our back on economic development efforts to help Iowa Main Street businesses grow while rewarding big Wall Street corporations with over-sized tax breaks that won’t benefit Iowans.

With the future of our economy dependent on a highly-skilled workforce, we also can’t afford to short-change opportunities for Iowans to get the skills they need to land a good-paying job.   We’re going to work with the Senate and Governor Branstad to craft a responsible budget.

Iowa Senate Democrats to Hold Open Budget Meetings

The Iowa Senate Democrats announced today they will host a week-long series of “Open Budget Hearings” next week at the Iowa Statehouse.  Informed Iowans are schedule to speak on  the impact of the significant points of disagreement between Senate Democratic proposals and those of Governor Branstad and House Republicans.

The Open Budget Hearings will begin with education issues on Monday, June 6, at 10 AM in Room 116 of the Iowa Statehouse.  It will be chaired by Senator Brian Schoenjahn of Arlington, the chair of the Senate Education Budget Subcommittee. Live video will be available during the hearing here.

The rest of the schedule for the hearing is as follows:

Health and Human Services Budget Listen and Learn – Tuesday, June 7th at 9AM in room 116 of the Capitol

Economic Growth Budget Listen and Learn – Wednesday, June 8th, time and room TBA

Administration and Regulation Budget Listen and Learn – Thursday, June 9 at 10AM in room 22 of the Capitol

Agriculture and Natural Resources Budget Listen and Learn - Friday, June 10th, time and room TBA

To find out more information on the hearings go to: http://www.senate.iowa.gov/democrats/openbudget.

State Budget Estimates Continue to Grow

The Revenue Estimating Conference (REC) held their quarterly meeting on Friday and increased their revenue estimate for FY 2011 from 3.1% to 3.9% .  The increase in the revenue estimate represents a $48.6 million increase in revenues from their previous estimate. Two of the three REC members were very bullish on the strength of Iowa’s economy, citing employment growth estimates at 1.4% for the current year and 1.7% for the next year. Iowa’s strong farm economy and agricultural manufacturing has help Iowa’s economy speed its way to recovery, which hit its recessional bottom during this time last year.

STATEMENT FROM REP. TYLER OLSON, RANKING MEMBER OF APPROPRIATIONS COMMITTEE, ON STATE BUDGET ESTIMATES

“With more Iowans working and a growing state surplus this year, Iowa’s economy is clearly gaining steam.   The new budget projections prove we can balance the state budget without taking a step backward on job creation or developing a highly-skilled workforce.  There is no reason to kick 20,000 kids out of preschool or leave school funding at zero for the next two years with a $1 billion surplus. Democrats will fight to keep the state budget balanced without giving up on Iowa’s middle class.”

The Revenue Estimating Conference (REC) is a statutory three person committee to estimate state revenues.  Holly Lyons, is the Legislative Service Agency representative, David Roderer is the Governor’s appointee, and David Underwood, an economist from Mason City, is the third member.

2010 Session Begins: Balanced Budget, Jobs Top Priorities

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The 2010 legislative session opened on Monday, January 11th at the State Capitol.  House leaders said the session will focus on help for middle class families and small businesses.  Priorities include balancing the budget without raising taxes, creating good-paying jobs, strengthening Iowa schools, and making government more accountable and transparent.

The House has two new members this year.  Rep. Curt Hanson of Fairfield and Rep. Kirsten Running-Marquardt of Cedar Rapids were both elected to the Iowa House last fall in special elections.

To listen to opening remarks by House Speaker Pat Murphy, click here.

To listen to opening remarks by House Majority Leader Kevin McCarthy, click here.

State Revenues Drop; 10% Budget Reduction

In light of declining state revenues due to the national economic recession, Governor Culver took swift action last week to cut state spending and keep the state budget balanced.  The Governor ordered a 10% across-the-board cut, which is estimated to reduce the state’s general fund budget by $565 million.

The reduction came after the non-partisan Revenue Estimating Conference (REC) held their quarterly meeting on Wednesday and lowered their revenue estimate for the current fiscal year 2010, from a negative 0.7% to a negative 8.4%.  The new estimate means the state will have $415 million fewer dollars than was estimated by the REC at the March 20th meeting. (more…)

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