End of Session Wrap Up
Below is the end of session wrap up document prepared by the House Republican Research Staff
Below is the end of session wrap up document prepared by the House Republican Research Staff
House Appropriations Chairman Rep. Scott Raecker (R-Urbandale) released the following statement on the March Revenue Estimating Conference (REC):
“The action by the Revenue Estimating Conference shows that House Republicans have taken the correct approach in crafting an efficient and effective state budget. The House Republican budget, that does not spend more than the state takes in, gives Iowans the certainty to weather any economic storm.”
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On Friday, March 23, the Revenue Estimating Conference (REC) will meet to review and revise the revenue estimates for FY 2012 and FY 2013.
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Watch your State Representative in debate live on our legislative website
Currently, upper income Americans pay a 35%, and President Obama and several Democrats in Congress want to raise that rate to nearly 40% next year.
According to the poll results, only 4% said the rate should be 40%
The 2012 legislative session has made its way through the first funnel. Click below to see a list of bills that made it through.
On Tuesday, February 21, the House approved Senate File 2071, the FY 12 supplemental appropriations bill.
When the Senate initially approved the bill, $8.5 million was appropriated to the Department of Corrections. The bill also created a third round of funding available from the Mental Health Risk Pool ($5.0 million). The Senate approved the bill on February 1 on a 26-23 party-line vote.
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On Thursday, February 2, Senate Democrats released partial targets for the FY 2013 budget. Unlike the proposals by the Governor and House and Senate Republicans, in the Senate Democrats’ blueprint, ongoing spending exceeds ongoing revenue.
House and Senate Republican budget targets appropriate $6.059 billion from the general fund and $106 million from the Health Care Trust Fund (HCTF). The Governor appropriates $6.244 billion from the GF and $106 million from the HCTF. (The $106 million is the same amount for the HCTF as FY 2012.) Both of these amounts represent a figure that is lower than ongoing general fund revenue.
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As House Republicans begin rolling out our budget targets, we will craft a budget with job creators in mind. Our conservative approach will create stability and certainty for all Iowans.
Our Budget Returns to Commonsense Budgeting Principles
We will align ongoing spending with ongoing revenue. Iowans cannot afford a government that spends more money than it takes in. Anything less jeopardizes Iowa’s long-term economic health.
We will end the practice of using one-time money for ongoing expenses. This is not how
Iowans balance their own checkbooks at home and it’s not how House Republicans will balance the government checkbook.
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