State of Iowa To Ask Budget Cuts of 6.5%
Budget Shortfall Could Be As High As $779 million
"Our state's sound fiscal management does not mean we can avoid cuts in government spending," said Culver. "Simply put, just as families and businesses across the state and around the nation are doing more with less, so too must state government."
The governor spelled out the broad outlines of his proposed budget in a speech Monday evening to the Iowa Business Council. He will send details of his spending plan to the Legislature on Wednesday, but he made it clear in his speech that there will be big cutbacks in state government.