Iowa budget briefing planned Wednesday

(Des Moines, Iowa)  Officials with the Department of Management and the Department of Revenue will hold a budget briefing Wednesday to talk about Iowa's financial picture.  

The state's been dealing with declining revenues for some-time, and Governor Kim Reynolds has not ruled out the possibility of a "Special Session" to adjust spending.

At last report, state revenue was about $75 million short of state spending.  The governor has authority to transfer up to $50 million in emergency funds to cover a short-fall.  If more funds are required, lawmakers will be called into a special session.

Governor Reynolds says she will not be at the briefing tomorrow.


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