Senate opens 1992 session under friendly tone amid Welsh ethics probe
The Iowa Senate began its 1992 session with a calm start as Sen. Joe Welsh agreed to relinquish part of his duties amid an ethics probe into his past as an ITM salesman. President Pro Tem Jean Lloyd-Jones and Majority Leader Bill Hutchins praised the smooth transition and cautioned against inflaming the situation. Minority Leader Jack Rife avoided floor remarks to prevent rising tensions, while Welsh denied any wrongdoing and continued other leadership duties.
MENTIONED IN THIS ARTICLE
Iowa Senate
Joe Welsh
D-Dubuque
Senate
Welsh
Iowa Trust
Rod Boshart
Des Moines
ES Moines
Sen- D
Jean Lloyd- Jones
D-Iown City
Albert Sorensen
Lloyd-Jones
Institutional Treasury Management
Iowa
Sen. Welsh
Bill Hutchins
D-Audubon
Jack Rife
Moscow
Hutchins
ITM
Democratic bid calls for one year budget freeze Iowa
Two Iowa House Democrats seek a one year budget freeze starting July 1 to curb deficits. They propose capping fiscal 1993 spending at 3.242 billion with selective cuts and eliminations, plus limited exceptions for mandates contracts and licensure. Edu funding would be frozen. Governor Branstad supports restraint but warns of reduced flexibility. House Speaker Arnould notes prior freezes and acknowledges agencies may see flat or reduced budgets.
MENTIONED IN THIS ARTICLE
ES Moines
Terry Branstad
House
Bob Arnould
Davenport
Iowa Moves to Tighten Local Investment Rules
Senate Local Government Committee opens a bill to require state audits of all city county and local public entity investments. The measure targets the Iowa Trust Fund collapse tied to Institutional Treasury Management Inc of Irvine California and its owner Steven Wymer who faces securities fraud charges. Authorities warn recovery may take years.
MENTIONED IN THIS ARTICLE
Tore
Iowa Trust Fund
Senate
Alvin Miller
Ventura
California
Local Government Committee
D. Moines
Iowa Legisla
Institutional Treasury Management Inc
Irvine
Calif
Iowa
Pacific Island
Micronesia
ITM
Steven Wymer
Branstad to tout growth and GAAP budget plan in talk
Governor Branstad will highlight growth in population and school enrollments and cite Fisher commission recommendations in a speech outlining budget plans. The plan aims to balance the budget by GAAP by 1995, closing a 162 million dollar deficit, with further Iowa progress noted. Roehrick counters that 1991 fell short of optimism.
MENTIONED IN THIS ARTICLE
Fisher Commission
Branstad
Lowa
Vohs
Roehrick
Also Mentioned on This Page
Rife
Levolor
Third Ave
Cedar Rapids
Fabric & Lab
Gazette
Des Moines Bureau
Rep
Jane Svoboda
Clutter
Statehouse
Dolores Mertz
Ottosen
Richard Vohs
State Insurance Commissioner
David Fisher
Hawkeye
Foreman and Clark
Shorts
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