DES MOINES, Iowa – The Democratic leaders of the Iowa Senate have released a state budget outline.
According to an Iowa Senate release, the outline would expand the state’s middle class while maintaining fiscal responsibility.
The Senate Democratic plan aims for $7.341 billion in general fund spending. The amount is identical to the total general fund spending number proposed by Governor Terry Branstad.
The Legislature is allowed to spend up to 99 percent of available revenue, according to Iowa law. Both of the proposals by the Senate and Governor Branstad are $149.1 million below Iowa’s 99 percent expenditure limit.
“It’s time to break the budget gridlock. Iowans want Republican and Democratic legislators to focus on expanding Iowa’s middle class,” said Senator Bob Dvorsky of Coralville, chair of the Senate Appropriations Committee. “Our balanced budget is sustainable and spends less than the state takes in.”
The outline also proposes a 2.625 percent increase in state support for Iowa’s local schools.
“Our number one goal is making Iowa’s middle class larger and more secure,” Dvorsky said. “We will make strategic investments that will help Iowa workers gain new skills, improve our local schools, and grow Main Street businesses.”