House Republican Leader Kraig Paulsen issued the following statement today in regards to the nonpartisan Legislative Services Agency’s report that revenue was down $141 million or 9.1 percent compared to the first quarter of FY 09.
“Based on the numbers released today and the recent record unemployment numbers, it’s clear that the governor’s $1.7 billion borrowing plan is simply not working.
“We continue to be in this fiscal mess because Gov. Culver signed the largest budget in the history of Iowa. I have very serious concerns that Gov. Culver will use this as an excuse to raise taxes on hard-working Iowans. The problem has now carried in to the 2010 budget, which is clearly out of balance.
“House Republicans offered over $337 million in budget savings during the last legislative session and we will continue to offer ideas and create a plan that brings Iowa’s checkbook back into balance without shifting more burden to the taxpayers.”