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.
12/1/2015 9:52 AM
Curtis Nelsen, 31, and Ashley Riibe, 30, were the drivers involved in a crash east of Yankton on early Monday morning.
12/1/2015 7:13 AM
The Grammy Award-winning rapper will perform at the Denny Sanford PREMIER Center on March 1, 2016.
11/25/2015 9:01 AM
Students at Harrisburg High School are celebrating Wednesday morning.
11/25/2015 6:18 AM
In her first and only television interview, Doohen talked about her son, who she called the joy of her life.
11/29/2015 1:05 PM
A Mitchell man has been identified as the victim in a rollover crash near Artesian, South Dakota on Friday.