Governor Kim Reynolds announced that Iowa’s budget will end Fiscal Year 2022 with a $1.91 billion surplus. The follows Fiscal Year 2021 $1.24 billion surplus. Iowa’s budget is in healthy condition because of prudent budgeting and fiscal conservative policies. Governor Reynolds and the legislature are demonstrating that conservative fiscal policies work to create a strong economy and a healthy financial foundation.
Kraig Paulsen, who serves as the Director of both the Departments of Management and Revenue, stated that “Iowa’s strong financial status again proves that we continue to over collect from Iowa taxpayers.” As a result, Governor Reynolds and the legislature has made it a priority to return the money back to taxpayers.
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