OFFICE OF THE GOVERNOR
Governor Kim Reynolds ★ Lt. Governor Chris Cournoyer
 
FOR IMMEDIATE RELEASE: Monday, April 28, 2025
MEDIA CONTACT: Mason Mauro, (515) 745-2840, [email protected]
 
Gov. Reynolds, Senate Republicans release joint statement on budget compromise for FY 2026
DES MOINES— Today, Governor Kim Reynolds and Senate Republicans are announcing a compromise for an overall budget of $9.417 billion for Fiscal Year 2026. These targets include the education funding agreement from earlier in session.
“We cut taxes to ensure Iowans could keep more of their hard-earned money, and we must maintain spending discipline to ensure it stays that way,” Gov. Reynolds said. “Iowa remains on a strong fiscally sustainable path, and we should continue our focus on putting taxpayers first.”
“Senate Republicans pride ourselves on conservative, responsible budgets, and this agreement is just that,” Senator Tim Kraayenbrink, chair of the Senate Appropriations Committee, said. “This budget continues to focus on priorities and putting Iowa taxpayers first. An overall budget of $9.417 billion continues our commitment to conservative budgeting and ensuring the long-term sustainability of the historic tax relief measures passed over the last several years.”
“A budget agreement with Governor Reynolds moves this legislative session one step closer to adjourning for the year,” Senate Majority Leader Jack Whitver said. “As we continue to work on important issues in the legislature and find agreement among legislators, this agreement marks an important step forward. We look forward to more conversations with the House of Representatives on how we can pass a sustainable budget for the upcoming fiscal year.”
The joint target between the Senate and Governor Reynolds is allocated to the following budget subcommittees:
  • Administration and Regulation - $73,461,809
  • Agriculture and Natural Resources - $45,574,050
  • Economic Development - $40,187,127
  • Education - $1,026,386,031
  • Health and Human Services – $2,468,992,645
  • Justice System - $925,925,531
  • Unassigned Standings - $4,836,758,719
Senate Republicans plan to move the budget bills through Appropriations subcommittees and Committee this week.
 
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