Iowa Quadruple General Fund Budget Surplus in Fiscal Year 2021 | Colorado Springs News



Iowa ended fiscal 2021 with a budget surplus of $ 1.24 billion in its general fund, four times the fiscal surplus for fiscal 2020, which was $ 305 million.

“Iowa is in a very strong financial position because of our fiscal responsibility,” Governor Kim Reynolds said. said in the announcement on Monday. “This surplus proves that we have accomplished exactly what we set out to do – overcome the financial challenges caused by the global pandemic and invest in education, workforce, health care, agriculture and technology.”

The Iowa exercise ends June 30. His accrual period, during which he pays and receives overdue bonds, ends on September 30.

“The growth in Iowa’s surplus is a direct result of pro-growth policies and budget cuts,” Americans for Prosperity – Iowa State director Drew Klein said in The Center Square in a statement. sent by email. “This number should only continue to underscore the need to cut Iowa taxes and return those dollars to Iowa taxpayers.”

The state spent $ 21.09 billion on a total of 1.68 million transactions, according to the state of the Iowa Check Ledger website. It has spent more per month than in every previous fiscal year since 2014, except in November 2020 and June 2021. In November 2020 ($ 1.98 billion), the state spent about $ 10 million less than in November. 2019 ($ 1.99 billion). In June 2021, it spent $ 2 billion, which was higher than the average for the months of June 2014 to 2021 ($ 1.83 billion) but not as high as the expenditure for June 2014 ($ 2.36 billion). dollars).

Des Moines Independent Community School District was the state’s highest-earning entity, $ 380.02 million. About 91% of that funding was for education, and that included $ 250.77 million for help in founding schools. The state paid Wellmark $ 339.90 million, almost all of it for health insurance premiums. Iowa spent $ 7.11 billion in human services assistance payments in fiscal 2021.

Original location: Iowa Quadruple General Fund Budget Surplus in Fiscal Year 2021

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