NE Iowa News

NE Iowa News

Monday, December 16, 2019

Gov.: Iowa concludes 2019 fiscal year with $289 million surplus

Politics

By Karen Kidd | Oct 17, 2019

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Great River Bridge over the over the Mississippi River that unites U.S. Route 34 between Burlington, Iowa and Gulf Port, Illinois | MorgueFile - Team218

Iowa's budget closed fiscal year 2019 with full cash reserves and a surplus of more than $289 million, more than double the fiscal 2018 general fund surplus, Gov. Kim Reynolds said in an announcement issued late last month.

"Iowa's fiscal health is strong, and it's a reflection of a vibrant economy as well as our ability to live within our means," Reynolds was quoted in an article by The Gazette.

The state is enjoying the surplus while still investing in "priorities" such as the Future Ready Iowa program and education "so that we can be innovative, grow our workforce, and protect vulnerable Iowans," Reynolds said in the article.


Iowa Gov. Kim Reynolds | governor.iowa.gov

"Going forward, we will continue to invest in Iowans’ priorities, but we also must be mindful of the economic headwinds in our agricultural economy and be prepared for whatever the future might hold. Fiscal responsibility and maintaining our state’s fiscal health will remain a top priority for my administration,” Reynolds told The Gazette.

The fiscal 2018 general fund surplus was $127 million, according to the announcement.

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