DES MOINES, Iowa – Gov. Kim Reynolds says the state of Iowa has a budget surplus for the first time in a few years.
The governor’s office announced Tuesday that the state closed its fiscal year 2018 books with a surplus of $127 million.
It’s the first time in three years the state can make that claim.
In each of the last two fiscal years lawmakers had to make mid-year budget cuts to balance the state’s books.