President Joe Biden and the tax and spend Democrats could learn a lesson from Governor Kim Reynolds. Iowa will end Fiscal Year 2021 with a $1.24 billion surplus. Last year, Iowa’s surplus was $305 million. Since assuming office Governor Reynolds has pursued a policy of prudent budgeting and pro-growth tax reform that has kept Iowa’s fiscal house in strong and stable condition, while providing for the priorities of government.
Truth in Accounting, which has recently released their Financial State of the States 2021 report ranks Iowa in the top 10 (9 out of 50) of fiscally stable states. Iowa’s economy has recovered from the pandemic triggered downturn because of Governor Reynolds and the Republican legislature following a policy of fiscal conservatism. Even heading into the pandemic, Iowa’s fiscal state was orderly thanks to wise budgeting. As the 2021 legislative session began, Iowa had a budget surplus.
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