Iowa Gov. Chet Culver said his upcoming fiscal 2011 budget would fully cover a 2% allowable growth increase in funding for public education. The 2% increase would cost the state $70 million.

Culver asked lawmakers to approve legislation that would allow school districts to spend down a portion of their cash reserves in an effort to avert increased property taxes. He also wants to use $100 million in state reserves to reverse some school funding cuts.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.