Iowa Faces Hole in Budget
Submitted by Jake Porter on Wed, 10/15/2008 - 06:20.
DES MOINES (AP) - State budget experts say tax collections are dropping just as the demand for public services is growing.
The state is facing more than a $500 million hole in the budget and the situation could get worse.
On
Tuesday, Gov. Chet Culver wouldn't rule out mid-year budget cuts but
wanted to wait until December for an updated forecast of the economy
and budget.
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