Iowa Governor Terry Branstad’s plan for erasing the anticipated red ink in the current year’s state budget may be overhauled by legislators.
That’s Senate Republican Leader Bill Dix of Shell Rock. While there’s not as much tax revenue as originally predicted, Dix says the state is still collecting more taxes this year.
Republicans and Democrats have raised concerns about the depth of Branstad’s proposed cuts to the agencies that run the state’s prisons and put troopers on the highways. Others have suggested the governor’s proposed cut to the judicial branch is too steep.
Some Republicans are even hoping to award MORE tax cuts to small business and farmers for the depreciation of equipment. The governor did not include that tax adjustment in his budget outline.
