BREAKING: REC Cuts FY 09 Revenue Estimate By $125 Million

Friday, March 20, 2009, 10:14
Iowa
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7 comments

Iowa Revenue Estimating Conference cut FY 09 Revenue estimate by $129.7 Million. The REC also cut FY 2010 projections by $269.9 Million. Governor Culver will be forced to make additional cuts this year. Furloughs and additional across the board cuts are expected.

Paul McKinley, Republican Senate Minority Leader, reacted to the REC numbers by saying, ““Even though the Revenue Estimating Conference (REC) lowered revenue projections, the revised numbers indicate that revenues are still coming in at near record levels and thus once again underscoring that Iowa does not have a revenue problem – we have a spending problem. Though these numbers indicate the economy is slowing in Iowa, we would be much better situated had Governor Culver and legislative Democrats not grown state government by an unsustainable 21 percent or by nearly a billion dollars during the last two years.”

McKinley added, “Because the governor and legislative Democrats refused to budget with restraint like any Iowa family or employer would and instead spend our state far into debt, additional cuts will need to be made. Though legislative Democrats voted down Republican budget cut suggestions a few weeks ago, Senate Republicans will again offer responsible solutions to the Democrats in order to cut the budget and keep it balanced.”

About the Author

Craig Robinson has written 502 stories on this site.

Craig Robinson serves as the founder and Editor-in-Chief of TheIowaRepublican.com. Prior to founding Iowa's largest conservative news site, Robinson served as the Political Director of the Republican Party of Iowa during the 2008 Iowa Caucuses. In that capacity, Robinson planned and organized the largest political event in 2007, the Iowa Straw Poll, in Ames, Iowa. Robinson also organized the 2008 Republican caucuses in Iowa, and was later dispatched to Nevada to help with the caucuses there. Robinson cut his teeth in Iowa politics during the 2000 caucus campaign of businessman Steve Forbes and has been involved with most major campaigns in the state since then. His extensive political background and rolodex give him a unique perspective from which to monitor the political pulse of Iowa.

7 Comments on “BREAKING: REC Cuts FY 09 Revenue Estimate By $125 Million”

John Robert wrote on 20 March, 2009, 11:28
Good message from McKinley.
Williiam wrote on 20 March, 2009, 13:55
The more McKinley talks, the more I like him. Looks like we have a real leader, one who’s not afraid to call it like he sees it.
steve right wrote on 20 March, 2009, 14:07
William,
Are you serious?
Anonymous wrote on 20 March, 2009, 15:45
Paul McKinley is the best leader Republicans have right now. He is solid. His peer in the House is a tax raiser that loves trial lawyers. Paul McKinley is the conservative leader in the Iowa legislature.
Anonymous wrote on 20 March, 2009, 18:08
Paul is a great leader and I am happy to have him in the senate. He does a great job speaking as a fine leader. He would smoke Culver if he ever ran for governor. Does anyone ever respond to Steve Right, or do we all just ignore his stupid comments?
Ceres wrote on 20 March, 2009, 19:51
Ignore Steve. It’s obvious he spends his days in his Mother’s basement
anon wrote on 21 March, 2009, 7:34
Steve Wrong is a government-employed union member. That is why he has all this time to hang out on a Republican website. It’s more union-member stealing.