Reynolds Press Conference 061417
Iowa is dealing with an ongoing economic crisis, with a steady decline in projected state revenues. Republican Governor Kim Reynolds said at her weekly press conference yesterday that the decline will force Iowa government to borrow $50 million from a state economic emergency fund.
“By statute I do have the authority to transfer up to 50 million from the fund without calling back the legislature. So we’re hopeful that we can manage the remaining budget within that amount.”