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Headlines : Iowa
IA auditor: State pension fund shortfall grows to $5.7B
The gap between the promises Iowa has made for public employees' retirement benefits and the money set aside to pay for them has grown to $5.7 billion - a 1,643 percent increase over 11 years, State Auditor David Vaudt said.
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Headlines : Iowa
Branstad: Change school budget law
A law that requires the Legislature to establish a state limit on public school spending 18 months in advance should be repealed, Gov. Terry Branstad said.
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Headlines : Iowa, Nebraska, Arizona, California
States try to stretch park budgets
States are finding different ways to fund parks, including land transfers in Nebraska and reducing staff in Iowa. Officials in Arizona told officials to divest all parks that don't pay for themselves. California, meanwhile, has experienced closing of state parks.
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Headlines : Iowa
Iowa Gov. Branstad calls for $6.2 billion budget
Iowa Gov. Terry Branstad has proposed a $6.2 billion state budget that would increase spending about $230 million over this year. Projections call for state tax collections to grow 4.2 percent in the coming fiscal year.
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Headlines : Iowa
Brandstad would bypass gas-tax increase, direct traffic cam funds to state
Governor Branstad indicated that he supports putting the money generated by controversial traffic-monitoring cameras directly into the state road use tax fund to be redistributed by formula to Iowa communities as a way to address public concerns that the devices are being installed for revenue rather than safety reasons.
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Gov. Terry Branstad
Office of Governor Chet Culver
State Capitol
Des Moines, IA 50319-0001
Phone: (515) 281-5211
Fax: (515) 281-6611
http://governor.iowa.gov/
Richard Oshlo, Interim Director
Department of Management
State Capitol Building, Room 12
Des Moines, IA 50319-0001
Phone (515) 281-3322
Fax: (515) 242-5897
www.dom.state.ia.us/
2012 Legislative Calendar: Regular Session convenes January 9, adjourns April 17.
Legislative Budget Leaders:
Rep. Scott Raecker (R), Chair, House Appropriations Committee; Co-Chair, Fiscal Legislative Countil Committee, Scott.Raecker@legis.state.ia.us, 515-276-5987
Rep. Nick Wagner (R) Vice-Chair, House Appropriations Committee, nick.wagner@legis.state.ia.us 515-281-3221
Sen. Robert Dvorsky (D), Chair, Senate Appropriations Committee; Co-Chair, Fiscal Legislative Council Committee, robert.dvorsky@legis.state.ia.us 515-281-3371
Sen. Matt McCoy (D), Vice-Chair, Senate Appropriations Committee, matt.mccoy@legis.iowa.gov 515-681-9327
Rep. Thomas R. Sands (R), Chair, House Ways and Means Committee; Co-Chair, Legislative Tax Expenditure Committee, tom.sands@legis.state.ia.us 319-729-2280
Rep. Josh Byrnes (R), Vice-Chair, House Ways and Means Committee, Josh.Byrnes@legis.state.ia.us 515-281-3221
Sen. Joe Bolkcom (D), Chair, Senate Ways and Means Committee; Co-Chair, Legislative Tax Expenditure Committee, bolkcom@legis.iowa.gov 319-337-6280
Sen. Dr. Joe M. Seng (D), Vice-Chair, Senate Ways and Means Committee, joe.seng@legis.iowa.gov 563-391-1627
Iowa is required to pass a "balanced budget." Section 8.22 of the Iowa Code states the governor must ensure all expenditures equal revenues. Iowa law forbids the carrying over of a deficit from one year to the next. Despite this requirement, the State reported budget deficits (negative net transactions) on its CAFR's Budgetary Comparison Schedules for each of the three years studied.
The State's governmental funds consist of the General fund and non-major governmental funds (special revenue, capital projects, and permanent funds). The State only budgeted the General and special revenue funds. Information within Budgetary Comparison Schedules is efficiently organized and all that is needed for analysis is present. [from the Institute for Truth in Accounting]
Find the state's bond ratings here.
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Unions :
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HEADLINES: Florida, Idaho, Missouri, Massachusetts , Tennessee, Wisconsin, Ohio, California, Iowa, Kansas, Nebraska, South Carolina
Anti-Union Bills Introduced In At Least 12 States This Year
Not all of the measures are identical in what they seek or how far they have advanced, nor are they equally likely to pass and be signed into law. But they do share an antipathy for labor unions amid concerns about state budget deficits and a national debate over public-sector pay and pensions.
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HEADLINES: Iowa
Branstad won't cut his salary to help balance state's budget
Gov. Terry Branstad won't follow the lead of Michigan Gov. Rick Snyder and reduce his salary to $1 annual to express "shared sacrifice" to help address a state budget shortfall. Instead, Branstad collects both a $130,000 salary as governor and a state pension worth more than $50,000 from his previous service in government - a practice some critics describe as "double-dipping."
- View All Iowa articles
K-12 Education :
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HEADLINES: Iowa
Branstad: Change school budget law
A law that requires the Legislature to establish a state limit on public school spending 18 months in advance should be repealed, Gov. Terry Branstad said.
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HEADLINES: Iowa
Give bigger piece of pie to schools, Branstad says
Rein in the state budget to cover K-12 reform, the governor says.
- View All Iowa articles
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Solutions: California, Washington, Iowa
The Next California Budget: Buying Results Citizens Want at a Price They Are Willing to Pay
Paper arguing for an alternate form of fiscal discipline, known as Budgeting for Outcomes (BFO), which combines strategic planning, zero-based budgeting and performance budgeting in a workable, common-sense package.. BFO would help the governor and/or legislature, in California as it has in other states, build the budget in a way that delivers the results citizens want at a price they are willing to pay.
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Iowa
IA auditor: State pension fund shortfall grows to $5.7B
The gap between the promises Iowa has made for public employees' retirement benefits and the money set aside to pay for them has grown to $5.7 billion - a 1,643 percent increase over 11 years, State Auditor David Vaudt said.
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Iowa
Branstad won't cut his salary to help balance state's budget
Gov. Terry Branstad won't follow the lead of Michigan Gov. Rick Snyder and reduce his salary to $1 annual to express "shared sacrifice" to help address a state budget shortfall. Instead, Branstad collects both a $130,000 salary as governor and a state pension worth more than $50,000 from his previous service in government - a practice some critics describe as "double-dipping."
