Now that State Senator Kim Reynolds is officially the Republican candidate for lieutenant governor, it's time for her political views to receive more scrutiny. On the day Terry Branstad announced he had picked Reynolds, she said this:
We have a projected state budget gap of nearly $1 billion dollars. And we have seen a dramatic slide in student test scores and teacher layoffs in school districts across the state. We can do better. We must do better. And, as Terry Branstad's running mate, I will dedicate my every waking minute to sharing with Iowans his ambitious goals for our future.
She repeated those talking points in her speech to the GOP state convention on June 26. Republicans never tire of the "projected state budget gap" ruse. Reynolds is talking about projections for the budget year that begins in July 2011. Maybe she forgot that the Democratic-controlled legislature passed a balanced budget for the fiscal year beginning on July 1 despite a projected $1 billion shortfall last November. Reynolds also asserted that Governor Chet Culver has "spent too much, taxed too much, borrowed too much" and dismissed Iowa's AAA bond rating as irrelevant: "That's like my husband telling me, our checkbook and savings are empty, but we've got $15,000 we can still spend on the credit card." Not really, Senator Reynolds: Iowa has money left in our state reserve funds (equivalent to a family's savings account), and independent analysts affirm that our fiscal health is strong coming out of the worst recession since World War II. Many states fully depleted their rainy day accounts in response to an unprecedented drop in state revenues, but Iowa did not.
Like Branstad, Reynolds laments teacher layoffs across the state, and like Branstad, she fails to acknowledge that those education cuts would have been much deeper without the federal stimulus money Iowa has received.
Branstad's not a numbers guy and hated tough budget meetings when he was governor. Having served four terms as Clarke County treasurer, Reynolds should feel more comfortable talking specifics on state spending. Friends have said she was able to save money as a county treasurer without cutting services. She's campaigning with a guy who promises to veto any bill that calls for spending more than 99 percent of state revenues collected. Let's see Reynolds produce an alternative budget for the current year that protects K-12 education without "spending too much."
Details on the budget for fiscal year 2011 can be found here. All Reynolds needs to do is figure out how to spend no more than 99 percent of state revenues projected for the year. In other words, balance the budget without using the $328 million in federal stimulus money (American Recovery and Reinvestment Act funds) and the $267 million in reserve funds that Democrats included in the budget Culver signed into law.
If Reynolds is prepared to criss-cross the state bashing Democrats over teacher layoffs, she should be prepared to show us the education budget Iowans could expect under a Branstad administration.