Iowa Governor Offers $6.2 Billion Budget
January 28, 2009, 10:54 AM
Governor Chet Culver has sent the Legislature a $6.2 billion proposed state budget for the next fiscal year that cuts spending by more than $87 million from the current year and will likely force significant layoffs of state workers.
Culver told reporters at a news conference Wednesday that the budget cut is the largest in decades, and possibly the largest in state history. Culver's proposed budget is down 1.4 percent from the current year's $6.3 billion budget.
Culver proposes dipping into the state's cash reserves for more than $200 million and borrowing $700 million to be repaid with gambling profits over the next 20 years to pay for recovery from last summer's record flooding and repairing the state's aging infrastructure.
© 2009 Associated Press. All rights reserved. Material may not be redistributed.
12/17/2014 12:07 PM
Searchers discovered the body of Dominic Fischer in a field on Wednesday.
12/17/2014 10:47 AM
According to her family, 4-year-old Alexis Vanbochove passed away early Wednesday morning.
12/14/2014 5:55 PM
A grain bin in Britton, SD collapsed this afternoon. No one was injured.
12/11/2014 10:05 PM
Most of us don't have any idea how long we have to live and that may be a good thing. But a Sioux Falls seventh grader knows his days are num...
12/11/2014 8:51 PM
A new ad campaign aimed at keeping drivers safe on South Dakota roads, received a bigger negative response than expected.