Bleeding Heartland: Iowa gets good marks in report on state budget problems
Excerpted from this post at Bleeding Heartland
Iowa has relatively good money-management practices and is among the
states "least like California" in terms of budget problems, according
to a report released yesterday by the Pew Center on the States. ...
Scanning the scorecard, I noticed that only one state has a better
score overall than Iowa. The size of Iowa's budget gap (as a
percentage of total spending) ranks 15th. Only three states had a
smaller change in the unemployment rate than Iowa. Only seven states
had a lower foreclosure rate. We were among eight states that received
a B+ grade for money-management practices (only five states received
an A or A- in that category). Republicans can complain about so-called
fiscal mismanagement by Governor Chet Culver and the
Democratic-controlled legislature, but compared to many other states,
Iowa is weathering this challenging economy well.