Budget, tax reform issues confront legislators

The 2018 Iowa legislative session opened on Jan. 8. Ida County representatives, State Senator Jason Schultz (R) of Schleswig and State Representative Matt Windschitl (R) of Missouri Valley, agree budget adjustments, tax reform and water quality will take center stage in the state capitol.

Budget

Heading into the new session, the state has a $131 million funding shortfall, which will have to be addressed early in the session.

Windschitl said it is important for people to understand the state is not in negative territory as far as revenues are concerned.

“People will look at that $131 million as if the state has some negatives as far as revenue, and that is not accurate,” Windschitl. “The Revenue Estimating Conference makes an estimate of what the incoming revenues will be and that is what we base our budget on. Revenue is still coming in above what it was last year at this time, but it isn’t coming in at the predicted level set by the estimating conference. We will have to make some adjustments in the current budget, which runs through June 30 and the next fiscal year budget.”

Both legislators said across the board cuts are not the answer to trimming the budget.

See the full story in the Jan. 10 edition of the Holstein Advance or subscribe online for instant access.