News: Iowa didn't have money to pay tax refunds at previous pace without delays

Des Moines Register: Iowa didn't have money to pay tax refunds at previous pace without delays

Excerpt:

On April 15, when Iowa had just $72 million in cash on hand, it was roughly $300 million behind the pace it had set the previous two years in paying individual income tax refunds.

Holly Lyons, fiscal services director for the state’s nonpartisan Legislative Services Agency, reviewed the data and said the department’s claims of fraud prevention “may be an early and partial explanation" for the delay in tax refunds, but that other factors appear also to have played a role.

Treasurer of State Mike Fitzgerald, an elected Democrat, was more explicit: "The state could not have made those payments" without delays, he said. "They just can’t."

Richard's Comments: 

This news should raise tax reform to the top of the 2018 agenda. We have to make systemic reforms to ensure our state is funded to ensure all our bills can be paid, and no further cuts have to be made.

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