Iowa budget closes with full cash reserves, surplus of $1.24B 

This content provided by the Office of the Governor of Iowa, Kim Reynolds as a press release.

Gov. Kim Reynolds announced today that the State of Iowa will end Fiscal Year 2021 with a balance of $1,238.6 billion in its General Fund.  

“Iowa is in a very strong financial position due to our fiscal responsibility,” said Gov. Reynolds. “This surplus proves we accomplished exactly what we set out to do—overcome the financial challenges caused by the global pandemic and invest in education, workforce, healthcare, agriculture and technology. We will continue to invest in these important priorities going forward to meet the needs of our citizens and state.  

“I commend the dedication of Governor Reynolds on recognizing the importance and need for a healthy and strong balanced budget for the state of Iowa,” said Joel Anderson, interim director of the Iowa Department of Management. 

FY 2021 closed on June 30th, but the accrual period officially ends on September 30th. During this time, Iowa closes the books and pays out and receives outstanding obligations. Last year’s budget surplus was $305 million dollars. 

This content provided by the Office of the Governor of Iowa, Kim Reynolds as a press release.

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As Iowa’s 43rd Governor, Kim Reynolds is determined to make sure that Iowa’s success is every Iowan’s success. Whether it’s preparing Iowans for cutting-edge careers, fighting for education, improving healthcare and mental health access, or empowering our rural communities, Kim’s priorities are making a difference in all four corners of the state. Her vision keeps Iowans at the center of all decisions, especially in the area of fiscal responsibility. Kim knows that when Iowa taxpayers are able to keep more of their money, great things happen. She also believes in redemption. Kim’s justice reform initiatives carefully balance second chances with victim rights. As Governor, Kim’s strong voice for international trade, agriculture, and advanced manufacturing is opening new markets and maintaining relationships with leaders in China, Mexico, Canada, Israel, Thailand, Vietnam, the Philippines, Germany, Brazil and Argentina, to name just a few. Although she’s traveled the world telling Iowa’s story, Kim is still a small-town girl at heart with common-sense values. These principles are reflected in the Governor’s Empower Rural Iowa initiative and Future Ready Iowa. At age 57, Kim earned a bachelor’s degree from Iowa State University. Then, nearly two years later, on Nov. 4, 2018, she was elected by Iowans to become their first woman Governor. Family means everything to Kim and her husband, Kevin. They have three daughters (Jennifer, Nicole and Jessica) who are happily married, and Kim and Kevin love spending time with their 10 very active grandchildren.