During Governor Terry Branstad's annual "condition of the state" speech, Iowa lawmakers heard two priorities that they've heard from the governor before.
Much like last year, Governor Branstad pitched plans to reform education and property taxes during his annual "condition of the state" speech. Last year's 40% property tax reduction has been replaced by one that reduces those taxes by 20% over 5-years. One major difference? The reduction will come in all 4 classifications, including residential and commercial. The move will also cut tax revenue to cities and counties across the state. But, the governor's chief of staff says the state will fill that in 100%. Education is also a "big ticket" item" for the governor, spending $187-million over 5-years on raising starting teacher salaries by $7,000 a year. It also encourages Iowa students to stay in Iowa to teach.
Much like last year, Governor Branstad pitched plans to reform education and property taxes during his annual "condition of the state" speech. Last year's 40% property tax reduction has been replaced by one that reduces those taxes by 20% over 5-years. One major difference? The reduction will come in all 4 classifications, including residential and commercial. The move will also cut tax revenue to cities and counties across the state. But, the governor's chief of staff says the state will fill that in 100%. Education is also a "big ticket" item" for the governor, spending $187-million over 5-years on raising starting teacher salaries by $7,000 a year. It also encourages Iowa students to stay in Iowa to teach.
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