
By Keri Waterhoues
Iowa's government debt has grown by almost $3 billion in the past few years and it is expected to take another hike in the current fiscal year, it is said to be partly because of Gov. Chet Culver's $830 million I-JOBS program.
According to an annual report that was just released last week by State Treasurer Michael Fitzgerald. Iowa's total state and local government debt is $11.6 billion. Cities had the greatest amount of debt, with $4.3 billion, followed by schools, with $2.3 billion. State government authorities and agencies have a combined debt of $2.56 billion.
According to an annual report that was just released last week by State Treasurer Michael Fitzgerald. Iowa's total state and local government debt is $11.6 billion. Cities had the greatest amount of debt, with $4.3 billion, followed by schools, with $2.3 billion. State government authorities and agencies have a combined debt of $2.56 billion.
This amount of debt is going to affect everyone. This is a large amount of debt and it's sad that it's just going to get worse.