Statement by Senate Leader Mike Gronstal on Revenue Estimating Council Estimates

“Today’s revised estimate of state revenue for the next fiscal year confirms the need for Republicans and Democrats to take the steps necessary to put our fiscal house back in order while attempting to meets Iowa’s priorities. That’s why we were prudent to develop a state budget plan that will be balanced, comply with Iowa’s expenditure-limitation law, and fully fund the state’s Cash Reserve Fund.

“The new state revenue projections also point out the need to take bolder steps to grow the Iowa economy by investing more resources in alternative energy and other initiatives that will create more good-paying jobs and make us less dependent on foreign oil.

“I am proud of our efforts to simultaneously adopt better budgeting practices and work in a bipartisan manner to keep the Legislature’s commitments to Iowa’s students, families and communities.”