Pent-up client demand, federal cash drive Iowa tax income

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CEDAR RAPIDS – Fueled by pent-up consumer demand and state incentive payments, Iowa’s tax revenue increased 15 percent in June compared to the previous June, and state revenue increased 15 percent over the past 12 months.

Net tax revenue for June was $ 928 million, according to the Legislative Services Agency monthly report. That’s $ 121 million more than in June 2020.

Corporate income tax, gambling tax, fuel tax, and sales / use tax all made high gains for the month, both in dollars and as a percentage of growth.

In the past 12 months, net sales rose $ 1.541 billion, or 17.4 percent, the LSA reported, noting that economic activity was low for much of that time due to the coronavirus pandemic.

For the year ended June 30, net income from all taxes paid to sovereign wealth funds was $ 10.413 billion, an increase of $ 1.541 billion compared to the previous 12 months.

During that time, individual income tax receipts rose 18.2 percent, but LSA found that federal and state delayed income tax due dates “have significantly changed the normal flow of individual income tax receipts over the past 14 months.”

The annual growth rate of 18.2 percent is “unusually high” compared to net tax growth on individual income, which averaged 4.2 percent over the past two years, added LSA.

Other key contributors to the dollar and percentage changes year over year were corporate tax revenue, which increased $ 367 million, or 68.5 percent. Sales tax revenue increased $ 411.1 million, 68.5 percent. That included $ 85.3 million more sales tax revenue paid to the Road Use Tax Fund and a $ 332.1 million (10.4 percent) increase in sales tax revenue to the State General Fund.

However, sales tax revenue, which was transferred to other state funds, primarily the Flood Mitigation Fund, Reinvestment District Fund and two water quality funds, fell by $ 6.8 million, the LSA said.

And lower sales / use tax refunds increased net income by $ 6.2 million, and increased sales tax payments to the school infrastructure account, recorded as tax refunds, decreased net income by $ 5.7 million.

Banks’ tax revenue declined 20.3 percent, or $ 14.1 million, and fuel tax revenue declined $ 35.7 million, or 5.1 percent. According to Treasury Department’s monthly fuel sales reports, the total gallon subject to fuel tax decreased 3.3 percent over the past 12 months.

Gambling tax revenue increases by $ 90.9 million, or 37 percent, despite Iowa’s 19 state-regulated casinos closed on March 17, 2020 due to the governor’s declaration of the COVID-19 state health emergency. Most reopened in early June this year.

Tax revenues for cigarettes and tobacco fell by $ 9.5 million, or 4.5 percent, the LSA reported.

Comments: (319) 398-8375; james.lynch@thegazette.com

Jap Iowa Honor Float raises cash for veterans to affix Honor Flight

CEDAR RAPIDS, Iowa (KCRG) – Hundreds of people took part in kayaking on the Wapsipinicon River in Central City for the third Honor Float Saturday.

The three and a half hour drive raised money for the Eastern Iowa Honor Flight so veterans could take a trip to Washington DC to visit memorials. Organizers said the pandemic made it difficult to raise money. Last year they raised only $ 1000, with the Honor Flight seat costing $ 500 for each person.

Organizers said it was heartwarming to hear the stories of the veterans who attended the experience.

“My neighbor, who has since passed away, had to take the honor flight and couldn’t get to the house fast enough to tell us about it,” said Deborah Holton, the event organizer. “There were so many special things they did for veterans; They rolled out the red carpet for her. I tried that with the swimmer. “

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Iowa Gov. Reynolds rejects $95M in virus testing cash – WIZM 92.3FM 1410AM

DES MOINES, Iowa (AP) – Kim Reynolds, governor of Iowa, said she turned down $ 95 million in federal funds for coronavirus testing in schools because she didn’t think funding was necessary.

The Republican governor announced her decision on a Fox News show Thursday night, criticizing President Joe Biden’s administration for offering the money to expand the tests.

“I think he thinks COVID has just started,” Reynolds said on the show televised from a forum with fellow Republican governors in Florida. I just returned $ 95 million for sending another $ 95 million to the state of Iowa to get our children back into the classroom through surveillance tests. And I said we’ve been in the classroom since August. Here is your $ 95 million back. “

Kelly Garcia, director of the Iowa Department of Human Services, later confirmed that Iowa had declined the funding.

The Republican Party of Iowa praised Reynolds’ decision, saying the Biden administration had failed in its efforts to get students back into personal classrooms, but “Governor Reynolds struggled against the teachers unions and was successful.”

Democratic state accountant Rob Sand questioned the rejection of federal funds that would have supported school testing and funded jobs in Iowa.

“It is time for the governor to stop making policy with Iowan’s health and tax money,” Sand said in a statement. Iowans will continue to pay taxes while other states benefit from it. “

Iowa will get $52.9 million in tobacco cash | Native Information



Iowa’s share in the landmark 1998 deal with U.S. tobacco companies has now exceeded $ 1.36 billion.


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DES MOINES – Iowa Attorney General Tom Miller said Iowa’s share in the landmark 1998 settlement with U.S. tobacco companies exceeded $ 1.36 billion on Friday.

Officials in Miller’s office say the Iowa Department of the Treasury received approximately $ 52.9 million in annual remittance payments from tobacco companies involved in the multistate Master Settlement Agreement – the largest settlement in US history.

Iowa will continue to receive annual billing payments based on the number of cigarettes sold in the US on an ongoing basis. Over the past 22 years, Iowa has received more than $ 1.36 billion in payments.

“This settlement is nearly a quarter of a century old, but our office must carefully monitor and enforce the terms of the agreement each year so that Iowa gets its fair share of the settlement,” Miller said in a statement.

Around $ 11.6 million of this year’s payment – or 22 percent – will go to the state, according to the AG’s office. The remaining 78 percent will be used primarily to pay bondholders who have purchased bonds issued by the Tobacco Settlement Authority.

State Treasurer Michael Fitzgerald announced Wednesday that Iowa had repaid its tobacco billing bonds this month, resulting in savings of more than $ 167 million for the state over the life of the bonds.

Sheridan’s Crow takes ‘funk’ fashion of wrestling to Iowa Western | Native Sports activities

SHERIDAN – The unmatched wrestling style of Sheridan High School senior Hayden Crow brought him to a 2020 state championship in the 170 pound weight class, a narrow 7-5 runner-up by decision in 2021, three all-state Awards and now the opportunity to co-compete with Iowa Western Community College.

Crow signed his national letter of intent on Wednesday to wrestle with the Reivers to achieve a lifelong goal and add his offensive counterstyle to the National Junior College Athletic Association’s Division I program starting this fall.

“I’ve dreamed about this since I was a little kid,” said Crow. “So to finally be able to sign my letter of intent and make it official, it’s pretty awesome.”

Bronc’s wrestling trainer Tyson Shatto met Crow 10 years ago when Shatto moved to Sheridan and always knew the senior was confident, charismatic and personable. Long-time friend and senior bronc wrestler Reese Osborne said not only could Crow make someone smile or laugh, but his work ethic was like no other. As with wrestlers, a competitor’s style is more suited to their personality, which is why Crow has had success with the “funk” style.

Shatto calls the offense in the counter-style “funny and conspicuous” and a “fanfare” style, which leads to more conspicuous profits, but also an increased risk in competition. Crow, a relatively new style of wrestling, mimicked the wrestlers he saw using technique when he was younger and developed his own unique take on the style.

The rare and unconventional nature of the “funk” style has led to failure throughout Crow’s wrestling career, but every defeat has led to improvement. And with his technique, Crow benefits from surprising his opponents to a certain extent.

“It’s unorthodox moves that some wrestlers aren’t used to,” Shatto said. “The benefit may be for this child, but it could be a disadvantage in development because you get yourself into trouble that could get you into trouble.”

Crow finished 17-2 as a junior in the 170-pound weight class in 2020, won the state championship and set a 34-3 record in the 2021 season. The senior proved authoritative on the Broncs’ score sheet. undefeated regular season 2020-21, the first program since the 1990/91 season.

Passionate about the sport, Crow always seeks to improve himself while supporting his younger brothers and the Broncs family. Shatto has seen Crow’s excitement for his teammates equal the excitement for himself after victories en route to Crow’s three All-State Honors from 2019-2021.

Just as Crow’s personality fits his wrestling style, Shatto said that Crow’s charisma and easy-going manner made him a natural leader on Sheridan’s team, as the Broncs senior class took pride in Cultural change of the program from individual to team-oriented.

Osborne was friends with Crow for 14 years and said that each senior contributed a certain quality to the overworked culture. Crow conveyed his determination and work ethic to his teammates by holding the Broncs accountable during practice and making sure they were doing the right thing.

Much like Shatto, Osborne calls Crows’ wrestling style “super unorthodox” and said it made it difficult for Crow to appear lazy on the mat at times.

“He’s going to come off the mat and I’m like, ‘Dude, did you even try it there?'” Osborne said. “And he says, ‘Yeah, I tried it there.’ And I say, “Well, you should make it look like you’re trying.”

Now Iowa Western best fits all of Crow’s contributions to a team and off the wrestling mat while he’s studying to become a chiropractor. Wrestling at the Iowa Community College Athletic Conference, the Reivers have world-class facilities and finished the 2019-20 season 9-4 in third place in a national tournament.

The 10-year program has made it into the top 10 at the national tournament for the past six years, and Crow hopes to continue that tradition with his unique style.

“I don’t think anyone in the world wrestles like me,” said Crow. “When I have such a different style, it’s good for me to bring it into one [wrestling] Room.”

School meals pantry helps college students with little time, cash | Iowa Information

SIOUX CITY, Iowa (AP) – In addition to all day class, Gabriella Luna, a sophomore nursing student at St. Luke’s College, prepares dinner for her parents and two younger siblings.

“I often don’t have time to go shopping,” she said. “Sometimes I don’t have enough money to buy something healthy.”

According to Kendra Ericson, president of St. Luke’s College, Luna is not alone.

“We surveyed our students, and 54 percent of respondents said they didn’t have enough money to eat and couldn’t afford to eat well-balanced meals,” said Ericson Sioux City Journal.

Because of this, Ericson and other college faculties decided to open the college closet, a pantry for students struggling to support their families.

“People have this misconception that college students must be an 18-year-old who just left college,” said Ericson, shaking his head. “In reality we have students of all ages. Some may be married, have children, or take care of families at home. “

In addition, they will all be employed as first responders in the healthcare sector and will have unusual working hours.

Currently, the college closet has a student-friendly range of non-perishable foods.

“Ramen, mac and cheese and tomato sauce in a can,” Luna said with a smile. “This is comfort food for me.”

Second year nursing student Yasmin Vega was even more impressed with the wide range of toiletries such as soaps, shampoos, and toothpastes in the college closet.

“The things that cost the most and that you can’t do without,” she said. “I’m glad to have a student pantry with lots of options.”

That’s nice for Vega, a native Californian far from home.

“It’s really handy to have a pantry in the school,” she said. “I am sure that the pantry will be useful to many students.

Soon the college closet will be able to offer both fresh and chilled groceries, Ericson said.

“We are working on partnerships between businesses and communities,” she said. “We hope to be able to add a refrigerator for perishable items like milk, cheese, and fresh fruits and vegetables.”

Although her children have now grown up, Ericson remembered the difficulties of balancing work, school and family.

“I knew the college closet would help many of our students with necessities,” she said.

It can also help Luna expand her menu choices as recipes for quick and easy meals are also available.

“I think my family will like some of these,” Luna said as she looked at the instruction cards for such ready-made meals as tuna mac & cheese and a ramen noodle pan. “You sound good.”

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College ‘voucher’ invoice giving public cash to non-public training passes narrowly by way of Iowa Senate

DUBUQUE, Iowa. (KWWL) – The Iowa Senate passed a new bill that passes public school taxpayers’ money directly to parents who wish to send their child to private schools as a “scholarship”.

After hours of debate, the bill was passed by 26-21 votes on Thursday evening.

Fast-paced legislation is the end result of a priority that Governor Reynolds set this month State of the country address.

The bill would make official their plan to give $ 5,200 in government funds direct to parents who may want to send their children to private or charter schools instead.

CONFLICTING VIEWS

Republicans say the bill gives parents more flexibility in choosing by using their majority to expedite the bill in the first few weeks of the session.

Dubuque Community School District released a statement to the parents against the bill. Superintendent Stan Rheingans, who calls the scholarships a “voucher program”, fears that the move would reduce her budget and possibly lead to program cuts and an increase in class size.

“We have some concerns about public dollars flowing into private schools,” Rheingans said. “If we get to the point where public schools are fully funded and schools that receive vouchers play by the same rules as we do, I would have fewer arguments.”

Democrats, including Dubuque’s Senator Pam Jochum, believe the public has not been given enough time to ponder the effects of the law.

AUDITOR: “IOWANS SHOULD BE ALERTED”

Auditor Rob Sand issued a statement on Thursday (the day the bill was due to be presented to the Senate) stating:

“Iowans should be alarmed that the voucher proposal lacks an independent review provision and, in fact, does not contain any review requirement.”

“The public will barely be able to see what is happening with their taxpayers’ money and less protection against fraud and abuse. In contrast, the proposal for a charter school contains examination requirements that meet today’s stringent requirements for public schools.”

Iowa State Auditor Rob Sand

“We have no control over how this money is spent,” Sand told KWWL.

Senator Sarah Garriott (D-22) went a step further, telling the Senate that she was considering the “coupon” portion of the bill as “money laundering” in an attempt to circumvent the protection of equality for Iowa students.

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Trish Wilger is the managing director of Iowa Alliance for Choice in Education. The organization states that it is a “state subsidiary” CAPE, a “coalition of private primary and secondary schools” that is self-financed partly from the textbook industry.

Wilger backed off Sand’s testimony, saying she expected the Senate to provide a more robust accounting process for the funds.

“Surely we’d expect there to be ways to keep track of the accounts and make sure everyone is doing the right thing,” said Wilger.