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We need more Iowans. We need younger Iowans. We need better-paid Iowans. For the past six months, the Lt. Governor and I have challenged our staff and the departments of state government to focus on these goals and to develop programs and budget priorities aimed at achieving these goals. We've also encouraged the participation of all Iowans, through the 2010 Strategic Planning Council efforts and two weeks of public hearings on the budget, held at locations around the state. Through this inclusive process, we developed the agenda we outline for you today-an agenda that seizes our moment to lead-an Iowa quality of life agenda that builds and improves upon our already good quality of life. We will be better educated and healthier. We will enjoy cleaner air and water and the benefits of richer soil. We will experience value-added economic opportunity and feel more secure in our homes, schools and communities, and we will be served by a responsible, accountable government. The budget presented to the general assembly funds these priorities while recognizing the need to limit general fund spending this year. We take seriously our collective duty to be fiscally responsible. When revenues in the current year didn't increase as expected, we called for budget cuts and spending reductions. As part of our budget, we have already presented to you a deappropriations bill. We ask you for quick and speedy action on the bill. I have appreciated the cooperation exhibited by leaders of both chambers and both parties as cuts and reductions were identified for consideration. Let us continue that work together. Working together, I know of no reason why, that bill could not be signed one week from today. Ordinarily, a budget-cutting year would be a very bad time to present an aggressive list of new ideas. I can already hear the objections. But our administration has a different approach. This year, we are going back to the basics-the three Rs. The three Rs I am talking about are not reading, writing, and arithmetic. Our three Rs are reduce, reallocate, and redouble. State agencies have identified $30 million in reductions they are ready to make. They also will reallocate current dollars to fund priorities by undertaking hard-nosed evaluations of how funds can be better spent. As for redoubling, state agencies are working smarter than ever to find other sources of money for our priorities-from federal funds, to private foundation funds. The budget we are presenting assumes a general fund revenue growth rate of 4.2% and a general fund expenditure rate of 2.8%. Our budget is balanced, is fiscally responsible, and calls for no new taxes. Last year, working together, we made a down payment on better educational opportunities for Iowa's students with the class size reduction, reading initiative, by increasing allowable growth, and by fully funding the community college formula for the first time in recent memory. We must continue investing in our children and their future. We fund an additional $10 million this year for the class size reduction and reading initiative. We propose fixing the allowable growth rate at 4% for fiscal year 2002 and fund an additional $8.9 million in new resources for the community colleges. But, that is just a beginning-we pledge to do more.
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