Gov. Kim Reynolds: Surplus may open tax-cut possibilities
Cedar Rapids Gazette: Gov. Kim Reynolds said Thursday she is assessing whether the state has the financial capacity to consider more tax cuts, but much depends on a fragile farm economy and the ability to fund priorities like education, health care and workforce readiness. Reynolds said the state is in a stronger position now that it has posted a $289 million surplus in the 2019 fiscal year that ended June 30. But there still are multiyear financial triggers that must be met to fully implement elements of the largest state income tax cut in Iowa’s history that began to take effect last Jan. 1.
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