Iowa Gov. Kim Reynolds announced Monday morning that under her and Republican legislative leadership, the State of Iowa would end the 2021 fiscal year with a $1,238.6 billion budget surplus in its General Fund.
“Iowa is in a very strong financial position due to our fiscal responsibility,” said Gov. Reynolds in a statement to the press.
“This surplus proves we accomplished exactly what we set out to do—overcome the financial challenges caused by the global pandemic and invest in education, workforce, healthcare, agriculture and technology. We will continue to invest in these important priorities going forward to meet the needs of our citizens and state.
“I commend the dedication of Governor Reynolds on recognizing the importance and need for a healthy and strong balanced budget for the state of Iowa,” said Joel Anderson, interim director of the Iowa Department of Management.
Shortly after news of the surplus broke, Representative Michael Bousselot who also served formerly as the Director of Department of Management tweeted out his ideas for the surplus. He also praised the Governor’s leadership for helping to get to this point.
Now, with cash reserves & economic emergency accounts full AND w/ billions of on-going taxpayer dollars in the Taxpayer First Fund, let’s ensure Iowa remains competitive & a place where Iowans who work hard, take risks, invest in our state & create jobs are not penalized!
— Michael Bousselot (@MBousselot) September 27, 2021
Later this morning, the Governor took to social media to share more of her views on the surplus.
“This is your money, not the government’s and I won’t forget that. Republicans in the legislature won’t forget that either, which is why we will work together to continue to CUT taxes in the state of Iowa.” said Gov. Kim Reynolds on her Facebook page.