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Iowa state budget (2012-2013)
The drafted budget relied on $71 million in one-time sources.
Legislative Proposed Budgets
- Education: The Senate proposed spending $890.6 million, an increase of $79.4 million over FY 2012, and the House proposed spending $774.3 million, a $37 million cut. The differences are in Regents and community college spending.
- Infrastructure: While both budgets increased infrastructure funding, the House proposed spending $80.7 million, whereas the Senate proposed $56.5 million.
- Corrections: The House budget cut $1.6 million from corrections compared with FY 2012; the Senate's budget increased corrections funding by $15.4 million.
- Economic Development: Both houses increased funding for economic development and labor programs, but the Senate wanted to do so by $61.2 million and the House wanted to do so by $28.9 million.
Governor's Proposed Budget
Gov. Branstad proposed a $6.2 billion budget for FY 2013, which included those prior allocations and increased spending by 3.8 percent, or $230 million, over FY 2012. The increase was based on projections that called for state tax collections to grow 4.2 percent in FY 2013. Half of state revenues would come from income taxes, and the sales tax would generate about 34 percent of revenue. The governor's proposed budget can be found here.
The Governor's proposed budget break down:
|Category||% of Spending|
|Health and Human Services||26|
|Judicial and Corrections Systems||10|
Gov. Branstad and top education officials said they planned to increase the amount spent on school funding, which in FY 2012 accounted for 58 percent of the state budget. Branstad's education reform plan would have raised the pay of first-year teachers, required third-graders to pass a literacy test and reward innovative schools with extra money. The governor said he did not have a specific number in mind, but he planned to have a target prior to lawmakers returning in January 2012. Some in the state questioned whether the plan would be fiscally possible.
The governor's proposed budget included $23 million increase to the budget for the state’s three public universities. House Republicans, however, called for a $31 million decrease from FY 2012.
The governor proposed reducing commercial and industrial property taxes by 40 percent over eight years, saying the levies were the second-highest in the U.S. and were costing the state jobs.
- The Des Moines Register, "Budget concerns highlighted," November 23, 2011
- KCRG.com, "Branstad Finalizes Fiscal 2013 State Budget; Possible DHS Layoffs Loom," June 7, 2012
- The Quad City Times, "Vaudt sees good and bad in Iowa budget picture," July 9, 2012
- The Des Moines Register, "Legislators far apart on budget," April 2012
- The Chicago Tribune, "Iowa Gov. Branstad calls for $6.2 billion budget," January 10, 2012
- The Des Moines Register, "Give bigger piece of pie to schools, Branstad says," October 15, 2011
- Forbes "Lawmakers say they're open to more school spending" Oct. 4, 2011 (dead link)
- Stateline "Higher education funds begin slow recovery" March 16, 2012
- Businessweek, "Governors Seeking Jobs Offer Tax Breaks as Budget Woes Ease," January 31, 2012
State of Iowa
Des Moines (capital)
|State executive officers||
Governor | Lieutenant Governor | Attorney General | Secretary of State | Treasurer | Auditor of State | Director of Education | Commissioner of Insurance | Secretary of Agriculture | Director of Natural Resources | Commissioner of Labor | Chair of Utilities |