Senate Democrats Budget: Unrealistic, Unreasonable, Irresponsible

Revenue GrowthSenate Democrats have proposed a budget that is unreasonable, unrealistic, and unsustainable.

We have followed our budgeting principles, and put forth a balanced and responsible budget:

  1. We will spend less than the state collects
  2. We will not use one-time money to fund on-going needs
  3. We will not balance the budget by intentionally underfunding programs
  4. We will return unused tax dollars to Iowa’s taxpayers

House Republicans have set a budget with modest revenue growth of 3% and that only spends 98 cents of every $1 the state collects.

The Democrats have proposed a budget that:

  • Spends $1.05 for every $1 the state collects.
  • Has revenue growth that is 8% higher than the 20 year average (Revenue growth has averaged 3.34% since FY93).
  • Has revenue growth 2% higher than the 20 year maximum (Revenue growth was 9.05% in FY08).
  • Spends $300 million in one-time revenue for ongoing expenses.

The Democrats budget is a return to Culver Economics which sets the state up for painful budget cuts like we saw in 2009.

House Republicans budget is sustainable and keeps the state in a good financial position moving forward.

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  • I support the Republican, conservative, balanced budget.
    Thanks,
    Todd

Dansette