GOP: House Republicans Release Budget Targets

February 11, 2016
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House Republicans Release Budget Targets

Budget plan continues a promise to Iowans of fiscal responsibility, budgeting like families and businesses

(DES MOINES) – Today, House Republicans released their budget plan for Fiscal Year 2017.  The House Republican budget is within the projected on-going revenue for the next fiscal year, which is estimated to be $7.327 billion.

“All too often, elected officials fail to keep the promises they made to voters.  During the last five years, House Republicans have kept our word to the people of Iowa by crafting budgets that spend less than the state collects and lives within its means.  This budget continues to keep that promise.  Iowa families and businesses budget under this common sense approach and government should do the same,” said Rep. Pat Grassley (R-New Hartford).

“House Republicans have offered a realistic and responsible budget plan for the next fiscal year that makes meaningful investments and protects the hardworking taxpayers of Iowa.  Over the last five sessions we have been able to come together with the Governor and Senate Democrats to fund Iowa’s priorities, while also standing by our budgeting principles.  I expect no different this year.”

Included in the House Republican budget plan is an additional $143 million for K-12 schools through an increase in state supplemental aid and the Teacher Leadership and Compensation program.  In addition, this budget plan fully funds the state’s property tax credits, including the Homestead, Elderly and Disabled, and Ag Land property tax credits, as well as the Military Service property tax exemption.

Each budget area target is as follows:

Administration and Regulation $50.71 million
Agriculture and Natural Resources $42.84 million
Economic Development $41.55 million
Education $983.54 million
Health and Human Services $1.831 billion
Justice Systems $738.89 million
Standings $3.630 billion
TOTAL $7.320 billion

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