Iowa’s Next Budget Must Include Careful Spending Decisions

John Hendrickson·
Spending discipline will be critical as lawmakers build the FY2027 budget. New revenue estimates show modest slowing in revenue growth for the current year, reinforcing the need for careful budgeting as policymakers navigate economic uncertainty. Iowa faces new fiscal pressures despite economic positives. Slower revenue growth, federal policy changes, agricultural softness, and national economic uncertainty are creating a challenging budget environment, even as business investment, consumer spending, and employment remain strong. Strong reserves and AAA…

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Let’s be honest, big government is big bureaucracy, and common sense tells us big bureaucracy is ineffective. That’s why ITR Foundation works to:

  • Research principled solutions
  • Educate Iowans about our solutions
  • Activate Iowans in support of our solutions

By applying the principles of limited government, free enterprise, and the rule of law to public policy, we can ensure all Iowans will have the opportunity to succeed.

ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa:

  • Increased property tax transparency and spending restraint
  • A 3.8% flat individual income tax rate
  • Elimination of income taxes on retirement income
  • Elimination of inheritance tax
  • Creating a path to reduce corporate income tax to 5.5%
  • Phasing-out special tax incentives in the corporate tax code
  • Banning local universal basic income programs