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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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