(Des Moines, IA) -- The State of Iowa is poised to end Fiscal Year 2021 with more than $1.2 billion in the General Fund. The Iowa Department of Management says FY 2021 closed on June 30th. The state then pays bills and receives outstanding obligations. The accrual period officially ends September 30th. The FY 2020 surplus was $305 million.
"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.