DES MOINES, IOWA (September 27, 2021) — Governor Kim Reynolds has announced that the State of Iowa will end Fiscal Year 2021 with a balance of $1,238.6 billion in its General Fund.
"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, health-care, agriculture, and technology. We will continue to invest in these important priorities going forward to meet the needs of our citizens and state.
“I commend the dedication of Gov Reynolds on recognizing the importance and need for a healthy and strong balanced budget for the state of Iowa,” said Joel Anderson, interim director of the Iowa Department of Management.
FY2021 closed on June 30th, but the accrual period officially ends on September 30. During this time, Iowa closes the books and pays out and receives outstanding obligations. Last year’s budget-surplus was $305 million dollars.