Governor Chet Culver of Iowa has ordered a ten percent spending cut after tax revenues came in shorter than expected. To meet this cut, state agencies will have to cut 1300 jobs. 529 of these jobs are currently vacant, but the remainder will come from layoffs. Agencies have until October 28th to submit their plans.
The Board of Regents, which oversees the three public universities in the state, has the option of either making spending cuts or increasing revenue, through tuition or other means. The legislature is not subject to the 10% reduction but plans to meet the same target anyway.
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October 22nd, 2009 at 5:33 am
[...] This post was mentioned on Twitter by Ken Horst and Meredith Shaw, employmentspectator. employmentspectator said: Iowa Cutting 1300 State Jobs: Governor Chet Culver of Iowa has ordered a ten percent spending cut after tax rev.. http://bit.ly/ES19u [...]
October 23rd, 2009 at 8:53 am
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October 29th, 2009 at 1:08 pm
[...] Update: This is an update to the Iowa budget crisis we blogged about last week. [...]
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