Gov. Seeks Two-Year Plan

Iowa Gov. Terry Branstad last week made good on his promise to reject any one-year spending bills by vetoing a measure that provided about $350 million for transportation programs in fiscal 2012.

Branstad wants lawmakers to approve a biennial budget for financial planning purposes.

The move has generated both praise and criticism from lawmakers. Opponents believe two-year budgets are flawed because revenues can be difficult to predict further in time. Neighboring states that use two-year budgets include Minnesota, Nebraska, and Wisconsin.

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Transportation industry
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