Iowa’s Budget Crisis

What’s Really Happening?

Iowa is facing a $1.3 billion budget shortfall next year. This isn’t just a number on a spreadsheet. It’s all about the future of Iowa communities, including Council Bluffs and Carter Lake, for resources such as health, education, utilities and roads. 

Why is this happening? Lower corporate tax payments, falling soybean prices, and rising unemployment have all hit our state revenues hard. On top of that, recent federal changes have cost Iowa another $300 million in tax revenue.

To cover the gap, lawmakers are dipping into our “rainy day” savings. But is this sustainable? Many are asking if it’s time to rethink more corporate tax breaks and focus on fiscal responsibility—especially with our agricultural sector struggling.

Should Iowa keep spending from savings, or make tough choices now to protect our future? What will happen to the families in Council Bluffs and Carter Lake when our Iowa piggybank is empty?