CHICAGO — The Iowa Legislature adjourned this week after passing a $5.28 billion budget that relied on cuts, reserves, and savings from a reorganization plan to offset shrinking revenue, and included a $45 million increase in the state’s bond-financed Iowa Jobs capital program.

Spending in the budget for fiscal 2011 that begins July 1 will total nearly $5.9 billion when federal stimulus funds and using nearly $270 million from state reserves are counted. About $200 million in reserves will remain.

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