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Iowa's surplus expected to be $289 million

Iowa's surplus expected to be $289 million

KAAL-TV
Updated: October 01, 2019 10:33 AM
Created: October 01, 2019 10:12 AM

(ABC 6 News) - The State of Iowa will end its 2019 fiscal year with a surplus of more than $289 million in its general fund.

Governor Kim Reynolds says it's a reflection of the economy and that the state must keep agriculture in mind. And Republican political leaders are cautious about where the money might be spent.

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Farmers are facing a tough year with trade disruptions due to President Trump's tariffs and policies that have hurt corn and soybean markets.

House Speaker Linda Upmeyer says with tax cuts passed last year, it's important to make sure there's enough cash flow to pay the state's bills.

Last year's budget surplus was $127 million.


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