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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 16, 2002
Page
5
A panel of Iowa economists says the recession trough occurred in 2001 Q3 and personal income growth should rebound toward 3 percent by 2008 while state revenues face a $120 million shortfall for the year ending June 30.
Des Moines lawmakers clash as House committee approves HF 2243 to keep Capitol open 7 am to 6 pm daily while removing repeal of current security gates scanners and troopers. Rep Don Shoultz doubts safety gains, warns gates can be bypassed and questions terrorism risk amid late‑night staff concerns.
Senate budget panel chief Sen. Jeff Lamberti says K 12 education should not face further cuts in the current fiscal year as Iowa lawmakers search for up to 120 million dollars in shortfalls. He argues other areas in the 48 billion dollar budget can yield savings while Medicaid remains uncertain.
In Des Moines the Iowa Senate approved a bill to attract angel investors to fund entrepreneurs, with Sen. Thom as Fiegen citing growth of small businesses as the goal. Inventor Dwayne Fosseen of Mirenco Inc praised local support, while Sen. Paul McKinley noted the measure helps keep innovators in the state as the bill returns to the House for consideration.
On Friday Feb 15 2002 the Iowa Senate amended a House proposal to attract angel investors for start ups. The bill moves back to the House for likely action next week before governor consideration.
Mount Vernon Democrat Ro Foege plans to run for a fourth term in a new House district created by the 2001 reapportionment. The social worker and educator says the focus is education and families amid a recession, with a shift from District 50 to District 29 covering parts of Linn and Johnson counties. He notes pay and expenses for lawmakers and emphasizes smaller classes, teacher pay, and mentoring programs.
Des Moines lawyer-lobbyist Doug Gross says his high profile lobbying work does not hurt his GOP bid to unseat Gov. Tom Vilaska. He asserts the campaign brings energy to a lukewarm race and cites his record of getting things done.
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