I’ve repeatedly said that the state of Iowa will have $600 million in our reserve funds and $300 million in our ending balance when the fiscal year comes to a close on June 30. |I’ve repeatedly said that the state of Iowa will have $600 million in our reserve funds and $300 million in our ending balance when the fiscal year comes to a close on June 30.
I argued that with so much money on handófar more than most other statesóthere is no need to deeply cut our local schools, community colleges and universities.
That statement was partially in error, and I want to issue a correction.
It turns out Iowa’s economy is recovering even better than expected. Michael Fitzgerald, Iowa’s State Treasurer, reported this week that we’ll have an additional $100 million in our ending balance when this fiscal year comes to a close on June 30.
These additional dollars can help protect Iowa’s local schools and create new jobs. There are now 100 million more reasons why the compromises needed to end the session should be easier to find.
