IA House and Senate Republicans Announce Joint Budget Targets for FY 2024
On Thursday, April 20, the Iowa House and Senate Republicans released their joint targets for the Fiscal Year 2024 budget. The total spending for FY 2024 is $8.516 billion. This represents 88.25% of ongoing revenue.
"Republicans in the Statehouse have proven time and time again that we can lower the tax burden while adequately funding Iowans' priorities," said House Appropriations Chairman Gary Mohr (R-Bettendorf) "These budget targets represent significant investment into the things we hear about from Iowans the most such as education, mental health care, and workforce initiatives. This is the result of the disciplined, responsible budgeting principles of Iowa House Republicans that continue to put the state in a strong financial position."
“Today’s budget agreement continues Senate Republicans’ commitment to Iowans to pass sustainable budgets to fund education and public safety, while at the same time prioritizing tax relief for hard working Iowans," said Senate Appropriations Chair Tim Kraayenbrink (R-Fort Dodge). "I appreciate our partners in the House sharing those goals and working together to pass a responsible budget.”
The join targets for each individual budget are: