Gov. Reynolds weighs options for $100 million in state budget woes; Democrats rap GOP policies [View all]

Less than two weeks after assuming her new post, Iowa Gov. Kim Reynolds is already being forced to manage her first budget dilemma.

Her options range from imposing across-the-board budget cuts to calling a special session of the Iowa Legislature to make selective cuts or to borrow money from the state's cash reserve funds.

State fiscal analysts released a report late last week showing Iowa faces a budget shortfall of nearly $100 million for the fiscal year ending June 30 because of a continued decline in state revenue that had been forecast.

The Republican-led Iowa Legislature has already approved $118 million in budget cuts this year and pulled another $131 million from the state's cash reserves to fill financial gaps.

Read more: http://www.desmoinesregister.com/story/news/politics/2017/06/05/gov-reynolds-weighs-options-100-million-state-budget-woes-democrats-rap-gop-policies/370554001/