BW INSIGHTS

March 2019 REC Summary

The Revenue Estimating Conference ("REC") met yesterday morning (3/15/19) in Des Moines. A short summary of the information discussed during the meeting is below, along with the below spreadsheet handed out during the meeting that contains more detailed information. In short, the report from yesterday shows that revenues for the existing fiscal... Read More

2019 Legislative Session - Week 9

Iowa’s budget forecast remains relatively stable, although the state will bring in slightly less revenue than anticipated. That’s according to numbers released today by the Revenue Estimating Conference (REC). The expert panel projected the state will rake in $7.84 billion for the fiscal year beginning July 1. That’s roughly $20 million less than... Read More

2019 Legislative Session - Week 8

Lawmakers raced bills through the committee process this week as Friday’s funnel deadline approached. Most legislation that hasn’t passed subcommittee and full committee in the House or Senate by now is officially “dead” for the 2019 session. Some measures are exempt from funnel—generally those dealing with government oversight, taxes and... Read More

2019 Legislative Session - Week 7

Senate Republicans released their budget targets this week for the fiscal year beginning in July. Their total spending, about $7.62 billion, is roughly $50 million less than that proposed by the House GOP. The Senate version includes more spending for administration and regulation, and for economic development. As usual, one of the largest... Read More

2019 Legislative Session - Week 6

House Republicans introduced their FY20 budget targets Tuesday (set out below), which call for slightly more spending than Governor Kim Reynolds proposed. Under the House plan, Standing Appropriations (or “Standings”) would receive the most funding, $3.86 billion. The Standings bill is typically the last piece of legislation passed each session,... Read More

2019 Legislative Session - Week 5

A surprise Senate resignation capped-off the fifth week of legislative session. Sen. Jeff Danielson (D-Cedar Falls) stepped down from his seat Thursday, effective immediately. He simultaneously quit his position with the Cedar Falls Fire Department, where he has served for 25 years. In an interview with KWWL, a local TV station, Danielson said his... Read More

2019 Legislative Session - Week 4

Once again, legalized sports betting is top of minds for Iowa legislators. Over the course of two two-hour hearings on eight different sports betting bills (HSB101, HSB102, HSB103, HSB124 SSB1080, SSB1081, SSB1079, and SSB1100), House and Senate lawmakers heard pitches from the Iowa Lottery, casinos, and sports leagues about who should regulate,... Read More

2019 Legislative Session - Week 3

Despite the blast of arctic air hitting Iowa Wednesday, lawmakers didn’t miss a day of work this week. So far, legislators have filed roughly 560 bills. On average, at least 2,000 bills are introduced each session. As expected, the main order of business on Monday was the House debate on whether to seat Rep. Michael Bergan (R-Dorchester). He won... Read More

2019 Legislative Session - Week 2

Despite having less time due to the MLK Day holiday, lawmakers significantly picked up their pace for the second week of the 2019 legislative session. With each chamber filing more than 100 bills between Tuesday and Friday, there are now at least 350 measures up for consideration. Meanwhile, Rep. Michael Bergan (R-Dorchester) is one step closer to... Read More

2019 Legislative Session - Week 1

Monday, January 14th marked the first day of the 2019 legislative session as thirty-one new lawmakers were sworn-in to office. Republicans maintained their “trifecta” with Governor Reynolds’ November victory and their retained majorities in the Iowa Senate and House. The Senate Republicans increased their caucus by three seats as they now have 32... Read More