Executive Order 4

INTHE NAME AND BY THE AUTHORITYOfTHE STATE OF IOWA EXECUTIVE ORDER NUMBER 4 WHEREAS, economic conditions in Iowa are reflecting a slower recovery than originally anticipated: and WHEREAS, these factors generated a decline in actual state revenues compared to earlier estimates for fiscal year 1984; and WHEREAS, state fiscal expects have concluded that without revisions to the state budget in fiscal year 1984, the shortfall in revenues will result in a general fund deficit on June 30, 1984 of $91 million: and WHEREAS, Article VII of the Iowa Constitution prohibits state budget deficits; and WHEREAS, Section B.31, the Iowa Code, provides a procedure for uniform and prorated reductions of stace appropriations by the Governor to avoid overdrafcs and deficits; and WHEREAS, without implementing these uni~orm, prorated reductions in state appropriations, the state will face a $91 . 0 million deficit in the general fund on June 30, 1984. NOW THEREFORE, I, Terry E. Branstad, Governor of the State of Iowa, by the power and authority iqvested in me by the Constitution and th~ laws of Iowa, do hereby make the following findings and orders: 1. I find thac the estimated budget resources during fiscal year 1984 are insufficient to pay all appropriations in full as required by Section 8.30, the Code, to wit: General fund balance, June 30, 1983 $1.S million Fiscal ~ear 1984 receipts (net) $1,938.0 million Fiscal year 1984 appropriations and $2,030 . 5 million standing estimated appropriations TOTAL ($91 million) Attest: 2. I further find that a 2.8 per-cent .r'e-auction in appropriations subject ta-Section 8."31.~ the Code, is necessary to prevent an overdraft or deficit in the general fund of the state at ; the end of t:his fiscal year. _.,_,_, .. •:. 3. I hereby direct the implementation of Section 8.31, the Code, requiring the uniform modification of allotment requests filed pursuant to that section for each of the remaining three- quarters of the fiscal year to achieve an annual 2 . 8 percent fiscal year reduction in each respective appropria- tion unless subsequent projections provide good reason to alter ·these findings. 4. I further direct the State Comptroller to prepare such modified allotments for the second quarter of fiscal year 1984, which commences October 1, with the exception of appropriations excluded by Section 8.2(1), the Code, pertaining to the courts, the legislature, constructive trust funds such as tax refund allocations, federal highway matching funds, and obligated, encumbered or contracted capital items, the provisions of Senate File 551, (Section 7, Division I Capitals) Acts of the 70th General Assembly, and those appropriations . that by law have been distributed 100 percent to date. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of Iowa to be affixed. Done at Des Moines this '3...J day of September in the year of our Lord one thousand nine hundred and eighty- three. ----r:- "!: G3~ '='@vernor ·...,.: