Monday, July 03, 2017

Boulton releases statement regarding continued state budget shortfall

In the wake of the Department of Management releasing information showing the state being over $100 million short for the last fiscal year's budget, State Senator Nate Boulton, Democratic candidate for Governor, released the following statement:

"With our state's economy growing and an increases in revenue from the previous year, it is beyond comprehension why after one round of mid-year budget cuts and then dipping into more reserve funds that Iowa still in a budget crisis," said Boulton. "It is time for Governor Reynolds and her Republican allies in the legislature to pull their head out of the sand and deal with the underlying problem: an explosion of unchecked corporate giveaways."

"We are over $500 million and growing in corporate handouts at the expense of the critical services Iowans depend on. In this next legislative session, our state must take action to deal with this problem rather than letting it continue to sink our state's finances."

Today the Department of Management released tax receipts for FY 2017 that showed state revenues would fall below projections and the state budget faces over a $100 million deficit.

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