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Des Moines Register
State Auditor Rob Sand is calling on legislators to spend hundreds of millions of dollars in Iowa s emergency reserve accounts to provide targeted pandemic relief to individuals and businesses. On our rainiest day, let s not hoard the umbrellas, he said during a virtual budget briefing Thursday. We have umbrellas accessible. We ve got a lot of them.
Sand, a Democrat, said that by June the state would be sitting on a $1.2 billion surplus a combination of the state s ending balance, cash reserve fund and economic emergency funds.
He said $290 million in the state s cash reserve fund can be spent by the Legislature for one-time emergency expenses. A three-fifths vote of the Legislature could increase that amount.