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Iowa state finances continue to rank high nationally

July 23, 2009
Toledo Chronicle, Tama News-Herald

Despite the deepening national recession, Iowa continues to be nationally recognized for our strong fiscal management. One reason is that state legislators have worked together to grow our economy, create good jobs and manage the state budget.

Standard and Poor's recently gave Iowa its highest rating-"AAA"-for the second year in a row. The rating is another sign for Iowa taxpayers that Democratic and Republican legislators are keeping an eye on the state's spending habits. In fact, Iowa is one of only 11 states to achieve this best-possible rating.

Specifically, Standard & Poor's praised Iowa's diverse and stable economy, good fiscal management, willingness to restrain spending, strong "rainy day" funds, good income levels, and very low debt burden.

Article Photos

State Sen. Tom Rielly
D-Oskaloosa

Iowa's high bond rating is due in part to the State's leadership and response to the national recession. We've made major cuts to state spending and maintained a balanced budget.

We'll continue to be fiscally responsible with your tax dollars by making state government more efficient while working to keep our promises on health care, education and jobs.

I-JOBS Bond Sale

Saves State Millions

The sale of $601 million in bonds for I-JOBS has been completed. The bonds will be funded with existing state gaming revenue and will not raise taxes. These bonds represent the largest portion of funds for the $830 million I-JOBS initiative. Proceeds from the bond sale will be transferred to the State on July 22 and will be used to create and retain jobs and improve public infrastructure projects throughout Iowa. For more information about I-JOBS, visit www.ijobsiowa.gov.

Speak Up For Health Reform

In the Iowa Senate, we've worked in a bipartisan way to expand health insurance to almost all Iowa children. But Iowa needs strong federal partner to help make coverage available to everyone, bring down costs and preserve quality.

Your voice is crucial to reforming health care here in Iowa and across the nation.

Please go to www.IowaSenateNews.com/supporthealthreform and ask all members of Iowa's Congressional delegation to support meaningful health care reform.

This issue is important to Iowa health AND economy. Almost 200 Iowans have already sent a message to Washington. You can read their thoughts and send your own comments to Washington at www.IowaSenateNews.com/supporthealthreform.

This is a legislative update from Senator Tom Rielly, representing Iowa, Poweshiek, and Keokuk counties, and portions of Mahaska and Tama counties.

To contact Senator Rielly when the Legislature is not in session, call him at home at 641-673-0359. E-mail him at tom.rielly@mahaska.org.

Senator Tom Rielly is chair of the Transportation Committee. He also serves on the Agriculture, Commerce, Economic Growth, Environment & Energy Independence, and Local Government committees.

 
 

 

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