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Home / Iowa LG Says Carries Dem Party Line on Budget – Why Cut More?Iowa LG Says Carries Dem Party Line on Budget – Why Cut More?
Last Updated on Wednesday, 3 June 2009 02:37 Written by rslcpol Wednesday, 3 June 2009 12:05
From Radio Iowa:
Lieutenant Governor Patty Judge says the state is “in a good place” and there won’t be a need for dramatic action to balance the state budget in the last few weeks of the fiscal year.
“We of course had done a lot of cutting and we think we are at a place where we will be able to finish this year and go into the next budget with the books balanced,” Judge says.
The state’s 2009 fiscal year ends June 30th. In December, Governor Culver ordered an across-the-board cut in the state budget when state tax collections began sagging significantly. A new analysis shows net state tax receipts fell nearly 12-and-a-half percent in May, creating what could be a more than $100-million shortfall in the state budget.