Friday 29th March 2024

The legislature’s top Republican says state payments to Iowa cities and counties to make up for reduced local property taxes are likely to end soon.

House Speaker Linda UpmeyerUpmeyer says it’s time to begin lowering the amount of money the state is sending back to the local level because the state has other spending priorities.

time   :06                                 out :to local governments.”

Cities and counties are getting 150-million dollars from the State of Iowa THIS year to compensate for the reduced commercial property tax rates state officials approved five years ago. City officials say this year’s 150-million dollar state payment isn’t covering all the lost local tax revenue and, if the state payments end, local government services will be cut.

In December, Governor Reynolds said she wants city and county officials to be involved in the negotiations about how and when the payments end.

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