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Branstad outlines funding priorities for Iowa
Gov. Terry Branstad unveils a $4.04 billion budget for fiscal 1997 with a $562 million surplus, aiming for tax relief and education funding. He backs a 3 percent allowable growth in school aid funded from the general fund, inheritance tax repeal, income tax indexing, and tax reforms while warning against rushing tax cuts amid federal policy shifts. Regents praise a $51 million construction plan for Iowa universities, with $588.3 million in state money and $66.14 million forthcoming over three years for renovations and facilities.
MENTIONED IN THIS ARTICLE
Ken Sullivan
Gazette
EL Moines
Iowa
Branstad
Senate Democrats
House
Horn
Senate
Ron Corbett
Cedar Rapids
Johnson County
Owa
State Board of Regents
Terry Branstad
Regents
Marvin Pomerantz
University of Iowa
Iowa State University
University of Northern Iowa
U of I’s Biological Sciences
Mary Sue Coleman
U of I