Hawkeye Reporter

(DES MOINES) -- Today, House Republicans unveiled their proposed spending plan for the Fiscal Year 2025 state budget, setting a budget of $8.955 billion for the upcoming fiscal year beginning July 1, 2024. This marks an increase of $402.8 million from the current fiscal year's spending level of $8.552 billion, representing a 4.71 percent increase over Fiscal Year 2024.

Iowa House Appropriations Chairman Gary Mohr (R-Bettendorf) spearheaded the development of the budget targets, stating, "Iowa House Republicans have once again proposed a responsible funding plan for the state. Our caucus has built a reputation for being responsible with taxpayer money, funding Iowans' priorities, and returning dollars to Iowans through tax cuts. Iowans expect this of the House Republicans, and once again we are prepared to deliver."

Speaker Pat Grassley (R-New Hartford) expressed his support for the budget plan, highlighting the consistency of balanced budgets in Iowa. Grassley remarked, "We have passed balanced budgets for the state of Iowa so consistently that now it often goes overlooked. But when we turn to Washington DC or our neighbors to the North, we see just how messed up it can get. Here in Iowa, we have solidified the expectations for responsible budgeting principles and follow through year after year. And our hard work has once again put us in a place to further relieve the tax burden on Iowans."

The budget subcommittees are set to finalize their individual budgets in the coming weeks, shaping the state's financial roadmap for Fiscal Year 2025.