(Des Moines) Nearly six-point-seven billion dollars! That’s what the panel charged with predicting the amount of money the state will take in for this fiscal year has set for their final number.
Governor Branstad’s budge Director Dave Roederer says their estimate is slightly better than last year, but there still are roadbumps the state could experience.
“Our economy is moving along with a slight increase from where we were at when we met in October,” stated Roederer. “There are some unknown’s out there, one of them being the severity of what would happen in the Ag sector if the EPA rule stays as proposed.”
By law, the legislature next year can only spend 99-percent of the revenue estimating conference’s number. Already, the chairman of the Senate Appropriations Committee is signaling he has plans for that money. Democratic State Senator Bob Dvorsky of Iowa City says his priority will be more funding for local schools, extending the tuition freeze at the Regents Institutions and boosting job creation efforts.
The Governor’s been waiting on the number to set his budget in place for the Legislature when they come back into session next month.
Iowa Radio Network
December 13, 2013