West Union Iowa News

News Governor Culver Presents Budget Proposal Posted 28 January 2010 Governor Chet Culver released his Fiscal Year 2011 Budget recommendation.  The Governor’s $5.32 billion proposal spends less money than the budget at the time the Governor took office, and provides necessary resources to key priority areas – education, health care, and public safety. “My budget is balanced,” said Governor Culver. “It does not raise taxes on hardworking Iowans.  And it protects some priorities which will continue to strengthen our state, keeping our commitment to children’s health insurance, public safety, and education at all levels.” Below are details on the Governor’s budget.  In addition, to see the full budget recommendation, visit the Governor’s website at www.governor.iowa.gov. The Culver/Judge FY11 Budget Recommendation Governor’s Budget Facts • Just like every other year, the Governor’s budget recommendation is balanced • Smaller budget than when the Governor took office (FY07:  $5.384 billion; FY11:  $5.320 billion) • Provides for a surplus of $382 million • Will help us maintain our state’s AAA bond rating • Does not raise taxes and protects key priority areas Creating new jobs and opportunities for Iowans • Continuing our commitment to green-collar jobs by investing $25 million in the Iowa Power Fund • Helping Iowans in search of work by providing much needed resources to Iowa Workforce Development, and funding job training programs • Investing $150 million in job creation and infrastructure investment through the Culver/Judge I-JOBS program • Providing $6 million for community colleges and $31 million for Regents institutions in both FY10 and FY11, which will help leverage more than $125 million in federal higher education dollars Preserving our commitment to children and vulnerable Iowans • Ensuring that our children have access to quality, affordable health care by providing an additional $10.5 million for children’s health insurance programs, as well as increasing Medicaid $180.9 million • Making the final installment in our 4-year, $60 million commitment to the state’s voluntary pre-school program • Fully funding 2% allowable growth for the coming school year, which increases K-12 education funding $233 million • Committing $100 million of the state reserves for K-12 education, which will help offset any future property tax increases • Allowing Iowa’s children to reach their dreams of a college education by investing $62.7 in college financial aid programs Protecting Public Safety • Protecting the safety of Iowans by providing new funding for the Departments of Corrections and Public Safety, which will avoid layoffs and help keep our streets safe Creating a leaner, more efficient state government • Enacting the recommendations outlined in the Government Efficiency Review, a savings of more than $340 million • Calling on the legislature to act on the recommendations of the Tax Credit Review Panel, which will save $52 million

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