Iowa's $1.2B Deficit and the Governor's Race | Des Moines News

Iowa’s facing a $1.2 billion budget shortfall by 2027—its second straight billion-dollar deficit, fueled by 2025 income tax cuts. While healthy reserves offer short-term relief, the real test is whether future revenue can match spending before those buffers vanish. With the governor’s race heating up, candidates will be forced to answer tough questions: Will they defend current policies or propose tax hikes or spending cuts? Voters on November 3 will be watching closely. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c2af0f4b4eaf9c40