Des Moines, Iowa — Iowa Governor Kim Reynolds says the state finished the fiscal year in the black — and by a greater margin than last year.
The governor says the State of Iowa’s last fiscal year ended with a surplus of nearly 290-million dollars.
The state’s 12-month fiscal year ended June 30th, but the books don’t close until two months later to ensure all receipts and payments are processed. This year’s 289-point-three-million- dollar surplus is more than twice as large as last year’s.
Reynolds released a statement that said:
“Iowa’s fiscal health is strong, and it’s a reflection of a vibrant economy as well as our ability to live within our means. This year, we invested in important priorities like education, Future Ready Iowa, and health care so that we can be innovative, grow our workforce, and protect vulnerable Iowans. Going forward, we will continue to invest in Iowans’ priorities, but we also must be mindful of the economic headwinds in our agricultural economy and be prepared for whatever the future might hold. Fiscal responsibility and maintaining our state’s fiscal health will remain a top priority for my administration.”
