Iowa State Revenues Grow 5.9 Percent in FY 2005
Iowa fiscal year 2005 ended with revenue up 5.9 percent, the strongest growth in nine years. The state treasury totaled about 5.569 billion dollars, $311 million more than FY 2004 and nearly two percent above April's revised projection. Tax collections surpassed expectations despite bonus depreciation and payroll tax changes.
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Gazette Des Moines
Legislative Services
Dennis Prouty
Prouty
Iowa economy improves boost to state funding and tuition relief
The revenue increase signals a rebound in Iowa’s job market and economy. It could help avoid midyear tuition hikes for state university students and replenish the rainy day fund, potentially reducing needs for budget or service cuts and boosting tax reduction prospects. The mixed view notes stronger than expected results yet a fragile base from 2004.
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Iowa
Iowa revenue beats forecast boosting cash reserves
Iowa's general fund receipts exceed the 4.1 percent growth estimate by 78 million dollars, with potential to add about 150 million to the cash reserve if September closes confirm the full year. Officials caution on future adjustments but a strong result could lift reserves toward 365 million dollars, nearing the 7.5 percent statutory cap.
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Prouty
Matt Paul
Tom Vilsack
Freedom sing crushes Fourth of July concert costs in Coralville
Coralville plans a free rock festival with donations and city funds. The Little River Band tops the lineup for the eighth annual Fourth of July event, with $10,000 from the city toward a $25,000 payout. Corporates and private donors also back the show as a community amenity.
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Oralville
Little River Band
LRB
Coralville
Nancy Reuter
General Growth Properties Inc
Coral Ridge Mall
KXIC
the Fox
the Gazette
Reuter
Freedom Festival Weekend Lights Up Kirkwood Campus
A full weekend begins with a horse show at Kirkwood Community College and ends with the Celebration of Freedom fireworks downtown Monday night. Also on the slate are a May’s Island Country Concert featuring Joe Diffie, the Fifth Season run and walk on Third Avenue Bridge, and the KCRG Kids Parade. Music and fireworks on May’s Island start at 5 p.m. with fireworks at 9 40 p.m.
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Kirkwood Community College
May’s Island
Joe Diffie
Third Avenue Bridge
KCRG
May's Island
Goralville 4th Fest Opens With 5K Walk Run
The morning event at S.T. Morrison Park starts the festival with a free 5K run. Iowa City musicians Dave Zollo and Bo Ramsey perform before a free Little River Band concert Sunday night. The Iowa City Community Band performs at 8 and the fireworks follow after 9:30 p.m.
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S.T. Morrison Park
Dave Zollo
Bo Ramsey
Little River Band
Iowa City Community Band
Iowa City Jazz Festival Headsliners Kenny Garrett and Conrad Herwig
Go downtown in Iowa City for the jazz festival with free events. Headliners Kenny Garrett and his Quartet perform tonight while Conrad Herwig and Brian Lynch headline Sunday. Three side stages include a youth band stage with local musicians between main acts.
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Iowa City
Kenny Garrett
Conrad Herwig
Brian Lynch
O Connor Steps Down From Supreme Court
Sandra Day O Connor announced her retirement from the U S Supreme Court creating the first vacancy at the top court in 11 years The 75 year old justice was the pivotal vote on abortion rights religion and affirmative action and she described herself as a simple cowgirl from Arizona The decision sets up a high profile and costly confirmation battle as President Bush pledges to name a successor quickly
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Washington
Sandra Day
O’connor
Supreme Court
Bush
Arizona
Bush to Name First Court Nominee After Europe Trip
President Bush plans to consult with the Senate and announce a nominee soon. This will be his first court nomination, with advisers preparing a list for his return from Europe next Friday. Officials anticipate hearings in three to six weeks after submission by the Senate Judiciary Committee.
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Bush
Senate
Court
Europe
Senate Judiciary Committee
Possible nominees for high court include several federal judges
The field of possible nominees for the Supreme Court includes Attorney General Alberto Gonzales and J Michael Luttig, John Roberts, Samuel Alito Jr, Michael McConnell, Emilio Garza, and James Harvie Wilkinson III, all serving as federal appeals court judges.
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Alberto Gonzales
J. Michael Luttig
John Roberts
Samuel Alito Jr
Michael McConnell
Emilio Garza
James Harvie Wilkinson III
Federal Appeals Court
UI receives 7.3 million grant for muscular dystrophy center
University of Iowa researchers secure a five year 7.3 million grant to establish the Paul D Wellstone Muscular Dystrophy Cooperative Research Center in Iowa City. Lead investigator Kevin Campbell will head the center expected to employ 20 to 30 scientists and join four such centers nationwide. The facility honors Sen. Wellstone who died in 2002.
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Iowa City
University of Iowa
Midwest
Paul D. Wellstone
Paul Wellstone
D-Minn
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