Key Happening this Week at the Statehouse
Now that session is past the second funnel hurdle, floor debate in both chambers picked up – with the Senate resuming floor debate (paused since March 5) and moving over 30 bills this week.
A significant focus of legislature this week centered upon the latest efforts to find agreement on the Area Education Agencies (AEA), with the House debating late into the evening Thursday night to pass HF 2612. The issues of AEA services and proposed redesign have been hotly contested throughout session and this week’s action continued that trend – as evident in the 51-43 House vote. The bill will now move over to the Senate for final consideration.
The week after second funnel also signifies the legitimate start of the budgeting and fiscal process. Last Friday, the Revenue Estimating Conference (REC) met. The REC is charged with giving the legislature the budget outlook and projections to begin planning for the next year fiscal year (FY). This group meets three times a year. In their latest estimates shared in this meeting, the REC adjusted their estimates to include the recent tax cut legislation proposed. With this new information, the REC forecasts a slight reduction in FY24 revenues, down 2.2% at $9.63 billion, from previous estimates calculated in December 2023. (Current FY25 revenue estimates are project to come in higher at $9.7 billion.) Despite the slight reduction in FY24 projected revenue, the REC proclaimed Iowa’s economy remains strong.
With the shift to the budgeting season of session, IMS’ advocacy efforts will now sharpen on the fiscal needs to support Iowa’s physician workforce – specifically seeking increased funding for the Iowa Rural Primary Care Loan Repayment Program and refreshing conversations around creating similar programing designed for key specialty shortages to ensure Iowans have access to the full scope of care they need and deserve.
With five weeks left of scheduled session, there is still plenty of time for excitement in the ride that is the legislative process!