Reynolds will lead trade mission South Korea and China - KWWL - Eastern Iowa Breaking News, Weather, Closings

Reynolds will lead trade mission South Korea and China

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DES MOINES (KWWL) -

Gov. Terry E. Branstad announced on Tuesday that he will remain in Iowa to work on Iowa's budget and let Lt. Gov. Reynolds lead the upcoming trade mission to South Korea and China.

Reynolds will lead the delegation which leaves on June 6 for the 10-day trip.  Branstad says the trip could mean billions of dollars in investment and thousands of jobs for Iowa.

Branstad says he needs to stay in the state to help negotiate a budget for fiscal year 2012 which begins on July 1.

"I am asking Senator Gronstal to bring forward a plan and put it on the table," said Branstad in a written statement. "We have repeatedly asked him to, and thus far have received nothing."

Branstad says that he acknowledged last week that his preschool bill would likely not be passed and that his corporate income tax reduction plan would likely not survive this session.

While Branstad and House Republicans have agreed to keep state spending for fiscal year 2012 at $6 billion, the governor says Democrats want to spend more, especially on education.

Branstad says he has contingency plans in place if no agreement is reached by the end of the budget year on June 30, but he dismissed speculation about a government shutdown.

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