Hawkeye Reporter

Rep. Gary Mohr, Chairman of the House Appropriations Committee, has commented on the recent October projections from the Revenue Estimating Conference. Mohr addressed the financial outlook for Iowa and explained decisions made regarding state finances.

“When we delivered much-needed tax relief to Iowans last year, we knew we would need to tap into our healthy Taxpayer Relief Fund to manage the decline in revenue. This decision was made intentionally because Iowans were desperate for immediate relief from former President Biden’s failed economic policies.  Despite a mixed economic picture locally and nationally, Iowa remains in a strong financial position. We have over $6 billion in cash on hand, and our reserve funds are at their statutory maximums. Iowa is in a better position than most states to handle economic uncertainties due to Iowa Republicans' responsible budgeting over the past decade. As we approach the Fiscal Year 2027 budget, we will continue to implement our level-headed budgeting principles that Iowans have come to expect,” said Mohr.