Posts tagged: Newsltter

The Paulsen Perspective: The Time for Action is Now

SpeakerKP

Another week has gone by and still we have seen no action from the Senate Democrats on approving school funding and sending it to the governor’s desk. Nor have we received details on what budget items they intend to cut to fund their plan.

The Revenue Estimating Conference (REC) meets multiple times a year to determine how much revenue is coming into the state. This in turn outlines the parameters for state spending. In December, when the REC met they noted that revenues were not coming in at the rates they once anticipated. That said, there would be about $200 million more in revenue available for the legislature to spend. As the House has begun moving their K-12 education funding bill, we are outlining an increase of $100 million for Iowa’s schools. That’s HALF of all the new revenue coming into the state before any other budget commitment has been made. Overall, the state spends nearly 42% of its budget on K-12 education – and with our new education spending by the state will have increased $570 million over the past five years. Anyone who says the Iowa taxpayers are not making a serious commitment to education in this state is being disingenuous.

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