'Red-ink Reynolds' has created an Iowa Budget Nightmare!

 

In 2017, Governor Reynolds has: 

  • Raided $144 million from state reserve funds to balance books in 2017

    • Borrowed $131 million from Iowa's State Reserve Account

    • Took additional $13 million from State Economic Emergency Fund 

  • Cut $118 million to balance 2017 budget 

  • Underfunded education and health care  

  • Promised to repay her debt by 2019, but now wants to push off re-payment until 2020 and beyond

 

So far in 2018, Governor Reynolds has: 

  • Cut $35.5 million from Iowa's Regent Schools, community colleges, Department of Human Services, Department of Corrections, Iowa's High Quality Jobs program, and the judicial branch. 

 

And now she's talking about TAX CUTS??

Fred Hubbell Calls on Governor Reynolds to Pay Off her Massive   Debt This Year and Fund Vital Services Before New Tax Cuts!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sources:

"Tight budget will force lawmakers to get creative on policy in 2018 session," Des Moines Register, 1.5.2018;

"Iowa Legislature avoids special session; $13 million to be borrowed from reserves," Des Moines Register, 9.6.2017;

"GOP Turns Budget Surplus to Deficit," Iowa House Democrats, 5.5.17;

"$118 million in budget cuts head to governor's desk," Des Moines Register, 1.30.17

"Branstad axes more than $60 million for education," The Gazette, 7.2.15;

"Iowa Educators Worried Over House Republican Education Budget" WHOTV.com, 1.31.17

"Iowa regents' delayed decision on tuition hikes could put students in a bind," Des Moines Register, 1.5.18;

"Medicaid cuts to roughly 40,000 Iowans approved by the feds," Des Moines Register, 10.31.17;

"AmeriHealth pulling out of Iowa's controversial Medicaid management program," Des Moines Register, 10.31.17;

"Iowans are talking about mental illness, but who will act?," Des Moines Register, 11.17.17;

"Tight budget will force lawmakers to get creative on policy in 2018 session," Des Moines Register, 1.5.18;

"Iowa Budget Report, Fiscal Year 2019," accesssed 1.9.18

"Reynolds signs $35.5 million in state budget cuts," Des Moines Register, 3.28.18