Branstad Proposes Broad Iowa Budget With Tax Credits and Debt
Gov. Terry Branstad's budget outlines $100,000 annually for a High Technology Commission and $2 million for high tech research, plus tax credits and bonds to boost venture capital. It calls for expanded education funding, energy programs, conservation, health care cost containment, and new state jobs initiatives across campuses and communities.
MENTIONED IN THIS ARTICLE
High Technology Commission
Iowa
Iowa Youth Corps
Iowa Conservation Commission
Branstad urges limited tax hike with seven funding priorities
Branstad outlines a unified revenue plan with a one cent sales tax increase and no new exemptions aimed at funding seven priority areas. He emphasizes jobs creation education human needs property tax relief and public safety while warning lawmakers against over spending and veto risk.
MENTIONED IN THIS ARTICLE
House
Senate
Branstad
Branstad shows plan to shift tax burden amid Iowa budget cuts
Governor Branstad advocates avoiding new broad taxes while proposing a 4 percent sales tax, crediting higher state reach for education relief and job creation. He warns against general obligation bonds, favors user-fee funding and a five year shift of court costs to state funding. Cedar Rapids officials flag tort protections and hospital boards urge cost containment and public involvement in health care spending.
MENTIONED IN THIS ARTICLE
Branstad
House
Lowell Norland
D-Kensett
Senate
Lowell Jenkins
D-Montrose
Ed Campbell
Jenkins
Kay Chapman
Cedar Rapids
Elaine Baxter
D-Burlington
Norland
Don Avenson
D-Oelwein
Iowa
Ray Baker
Linn County
Prairieburg
Don Canney
Forbes Olberg
St. Luke's Hospital
Board of Regents
Inflation viewed as mixed blessing by economists
Wharton Econometrics Allen Sinai called inflation a mixed blessing for consumers as price gains slowed with unemployment rising. The Commerce Department noted easing energy and mortgage costs drove much of the moderation while natural gas prices jumped 25.4 percent and gasoline fell 6.6 percent.
MENTIONED IN THIS ARTICLE
Omist
Philadelphia
Wharton Econometrics
Allen Sinai
Data Resources Inc
Lexington
Mass
European arms balance debated at Dortmund and Geneva talks
In Dortmund Hans-Jochen Vogel urged Washington to counter Soviet offers in Geneva. Nitze and Edward Rowny prepared Reagan for resumed talks with Moscow, stressing equitable, verifiable arms reductions and maintaining the long-standing balance despite cautious optimism.
MENTIONED IN THIS ARTICLE
Europe
Social Democratic Party
Hans-Jochen Vogel
Dortmund
Geneva
Nitze
Edward Rowny
Reagan
Moscow
Rowny
Also Mentioned on This Page
Gazette
Des Moines Bureau
DES Moines
Iowa General Assembly
Terry Branstad
University of Iowa
Oakdale
Mount Pleasant
Natural Resources
Armstrong’s
Postal Service
Benn
Post Office
Washington, D.C
Postmaster General's
Armstrong's
Washington
Bob Kent
Kent
United States Government
Northwest
Lester Menke
Calumet
del Stromer
R-Garner
Terry
Cal Hultman
Red Oak
Hultman
Olberg
Lana Turner
Walter Scott
Bonneville
Firebird
Phoenix
A.P.A. Financing
Pontincs
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