(Radio Iowa) – The State of Iowa has nearly five-and-a-half BILLION in unspent tax dollars that the governor’s promising much of it will be the fuel for tax cuts. The final report on the state fiscal year that ended June 30th shows the state
collected one-point-eight BILLION more in taxes than was spent. Another 900 million is deposited in reserve funds, but the so-called Taxpayer Relief Fund has two-point-74 billion in it.

Governor Kim Reynolds, a Republican, says some see that surplus as government not spending enough. Reynolds says she views it as an over collection of taxes from Iowans. Reynolds has previously said she wants to get rid of the state income tax by the end of her current term as governor. In the written statement issued today (Wednesday), Reynolds says she looks forward to cutting taxes again next legislative session and returning this surplus back to the people of Iowa.

The budget surplus from the last state fiscal year will be deposited in that Taxpayer Relief Fund in January. The 900 million dollars will stay in the state’s economic emergency and cash reserve accounts. Senator Janet Petersen of Des Moines, the top ranking Democrat on the Senate Appropriations Committee, says the governor’s tax plans favor corporations and special interests. Petersen says while Governor Reynolds is promising more giveaways to come, middle-class Iowa families still aren’t getting ahead.

(Radio Iowa) – Low-income Iowa families who rely on the Women, Infants and Children — or WIC — program for putting food on the table may need to make other arrangements — if — the federal government shuts down this weekend. Shelby Kroona, Hamilton County’s public health director, issued a warning to the county’s board of supervisors about the looming shutdown on Saturday.

“I want to highlight that 324 families in Hamilton County are served by our WIC program,” Kroona says, “and they are saying that that program will potentially shut down in days.” WIC is administered through the U-S Department of Agriculture and Kroona says it’s important to many thousands of families statewide.

“This is a program specifically for food-insecure individuals,” she says, “so the demand on our food pantries may see a significant increase if the government does shut down.” The six food pantries in Hamilton County are bracing for an upturn in demand, though demand has been setting repeated records since the onset of the pandemic.

Reports show WIC program services are used in all 99 Iowa counties and reached more than 64-thousand participants in 2020.

Des Moines, Iowa – Iowa Republican Gov. Kim Reynolds has announced the State of Iowa will end Fiscal Year 2023 with a balance of $1.83 billion in the General Fund, $902 million in reserve funds and $2.74 billion in the Taxpayer Relief Fund.

“Some see a surplus as government not spending enough, but I view it as an over collection from the hard-working men and women of Iowa,” said Gov. Kim Reynolds. “We’ve seen what the powerful combination of growth-oriented policies and fiscal restraint can create, and now it’s time for Iowans to directly receive the benefits. I look forward to cutting taxes again next legislative session and returning this surplus back to where it belongs – the people of Iowa.”

“As a result of the Governor’s great budget management, we are in an extremely strong financial position, making it possible to meet the needs of Iowans while leaving more money in the pockets of Iowa taxpayers,” said Kraig Paulsen, Director of the Department of Management.

Last week, Gov. Reynolds announced that Iowa’s corporate tax rate will drop to 7.1 percent from 8.4 percent for Tax Year 2024 due to corporate tax receipts exceeding $700 million.

(Radio Iowa) – The interim outreach director for the Iowa Association of Christian Schools says the new state-fund Education Savings Account program is likely to lead to the opening of more private schools. “This is going to open up ways for schools to begin.”

That’s Josh Bowar, who is also head of school at Sioux Center Christian School. Forty-two Iowa counties do not have a private school. Seventy-five counties do not have a private high school. Bowar says there are discussions. “This has really provided a pathway forward for schools of all kinds to be able to start,” Bowar says, “and that parents can have that choice to open those other opportunities.”

Bowar made his comments during a recent appearance on Iowa Press on Iowa P-B-S. He is an administrator at one of the 15 private schools in Sioux County. Just over six percent of all applications for a taxpayer-funded account to cover private school expenses came from Sioux County.