• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Politics / Govt / State budget picture gets worse, more budget cuts may result

State budget picture gets worse, more budget cuts may result

January 28, 2002 By admin

The state’s financial picture is getting bleaker. Governor Tom Vilsack says state tax revenues are below last year’s levels, and even deeper cuts may be necessary in this year’s state budget. The Governor says state government’s in the midst of a three-year economic cycle that’s the worst in 50 years. Vilsack today ordered state managers to curtail travel, quit buying office supplies and equipment, and not hire anybody unless that new person provides critical life or health services. Vilsack expects the moves to save about eight million.As you may recall, Vilsack and legislators cut the budget, across-the-board, by four-point-three percent in November, and the Governor warns some priority areas may see more cuts. Vilsack says they have few options as there isn’t any appetite to raise the sales tax or to use the surplus.A three-member panel of financial experts will meet March 7th and officially set a state tax revenue estimate, which then will likely trigger more budget cuts.

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt Tagged With: Legislature, Taxes, Tom Vilsack

Featured Stories

Congresswoman Axne favors Biden pandemic relief plan, Hinson not ruling out a ‘yes’

DOT plow crews struggling against blizzard conditions

Death penalty proposed for specific child murder cases

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

TwitterFacebook
Tweets by RadioIowa

UNI adds two nonconference games to basketball schedule

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC