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Report: Iowa’s budget shortfall projected to get worse

Iowa’s fiscal 2017 budget, already propped up with nearly $118 million in cuts and transfers and $131 million in IOUs from reserves, took another hit Monday when a state agency reported a $104 million shortfall from even those downgraded expectations.

The news, although not a final accounting of the fiscal year that ended Friday, increases the chances that lawmakers will be called back to Des Moines in special session yet this year to deal again with the budget.

via globegazette.com

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