Iowa Budget Gap Could Reach $1 Billion
November 26, 2009, 9:17 AM
Iowa will face a budget gap of more than $1 billion next year, the largest gap in state history.
A budget review from the Legislative Services Agency predicts lawmakers will face a projected shortfall of $1.07 billion in the fiscal year beginning July 1.
The state has coped with the projected gap by ordering a 10 percent across-the-board cut in spending and proposing layoffs.
But the new estimate is worse than previous shortfalls, and Iowa House Majority Leader Kevin McCarthy says the state will likely eliminate entire programs.
The state's Revenue Estimating Committee will meet on December 11. Its report will dictate how much Gov. Chet Culver can spend in the next budget year.
© 2009 Associated Press. All rights reserved. Material may not be redistributed.
9/15/2014 10:53 AM
According to Sioux Falls Police, 16-year-old Piper Hyser was found Sunday afternoon.
9/18/2014 5:20 PM
A successful Estelline cross country athlete is being forced to sit this season out because she participated in a charity run aimed at keeping kids aw...
9/17/2014 1:18 PM
Law enforcement are involved in a search at a Canton business.
9/20/2014 12:35 PM
A two vehicle crash has left one person with life threatening injuries.
9/19/2014 9:55 PM
At spots like 18th Amendment, people can enjoy food, entertainment and an alcoholic drink, but the way people consume that drink could be changing dra...