State Treasurer touts fiscal responsibility - KWWL - Eastern Iowa Breaking News, Weather, Closings

State Treasurer touts fiscal responsibility

WATERLOO (KWWL)--- Iowa State Treasurer Mike Fitzgerald was in Waterloo Thursday.  He joined Senator Bill Heckroth to talk about the state budget.  The pair reported that despite what some people may believe, the fiscal year ended with a balanced state budget.  And things are continuing to look up into fiscal year 2010.

"A balanced budget with reserves, reserves that next year will even be over $500 million. So a great financial situation, great ratings, and you know business, the economy, is showing results because of it," said Treasurer Mike Fitzgerald.

The State Treasurer also credits the I-Jobs program for helping boost the state's economy by investing in roads, energy, flood recovery and prevention.  That program's being funded with state gambling revenues.

Iowa Republican Party Chair Matt Strawn responded to the state budget with the following statement:

"The budget is required by law to be balanced, and to do that, Democrats have had to use one-time money to pay for ongoing operating expenses. Now we're facing over one billion dollars in built-in spending with no way to pay for it. That is certainly not the kind of fiscal responsibility that Iowans are looking for," Strawn said.

KWWL Reporter: Kera Mashek

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