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October 1st, 2010

Culver’s “Energy Drink” Budgeting Leaves Iowa Headed for a Cliff

Governor’s comments fail to mention his property tax hikes, one-time dollars for ongoing expenses, fee and fine increases and the built in spending increases that will leave Iowa will an anticipated $1 billion deficit next year

Senate Republican Leader Paul McKinley (R-Chariton) today issued the following comment following Governor Culver’s budget comments where he failed to address the fact that he balanced the budget by using one-time dollars for ongoing expenses, raised property taxes, increased fees and fines and is leaving Iowa with an anticipated $1 billion deficit for next year:

“Governor Culver’s budgeting is like drinking a energy drink – you get the immediate sugar high from lots of one-time dollars to pay for ongoing expenses and then you find yourself crashing later after the money runs out. Iowans know that Culver and the Culver Democrats in the Legislature used $832 million dollars in one-time dollars to pay for ongoing expenses, raised property taxes by $526.9 million over 4 years, increased a whole host of fees and fines and is leaving Iowa headed off the fiscal cliff with built-in spending increases that will leave Iowa with an anticipated $1 billion dollar deficit next year.”

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