On Wednesday afternoon, Iowa Senate Republicans released their budget targets for FY 2020. The overall budget of $7,619,300,000 is the same amount of funding allocated in FY 2019. These targets are $48 million less than the House and $39 million less than the governor.
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“Senate Republicans are maintaining their commitment to taxpayers to manage their money prudently and put their interests first,” said Iowa Senate Majority Leader Jack Whitver (R-Ankeny). “Our caucus is committed to continuing to implement pro-growth policies. This budget is one early step in implementing that agenda.”
State Senator Mike Breitbach (R-Strawberry Point), the Iowa Senate Appropriations Committee Chair said, “I look forward to working with my colleagues, the House of
These budget targets include $38.8 million in additional tax relief in FY 20. The targets also include nearly $130 million in new funding for education, $14.5 million in new funding for public safety, and $106 million in new funding for health care. The decrease in Unassigned Standings is because the increases in the FY 20 budget are less than the $113 million cash reserve repayment that is not necessary in FY 20. Reductions in Health and Human Services are because of one-time expenditures in FY 19 on Medicaid and an increase in federal funding for that program.
Photo Credit: Samir Luther (CC-By-SA 2.0)