General Business & Regulation - Iowa Chamber Alliance

General Business & Regulation

Sound Budgeting

As revenue levels and prediction remains challenging for Iowa’s upcoming budget year, fiscal prudence must be a priority for government at all levels. The fiscal health of state and local governments proves to be a determining factor in attracting and retaining businesses. A concerted effort must be made to modernize and reform budget practices which should include multi-year budgeting, review of expenditures, and fully fund existing budget obligations – including tax credits and the promised backfill to local governments related to the property tax reforms of 2013. Rescinding the backfill will result in a defacto tax increase on property, which is disproportionately paid by Iowa businesses.

The Alliance strongly supports efforts to reduce revenue demand from local and state governments through public pension reforms and other measures that can positively impact local government budgets without tax increases.                                              

Reasonable & Predictable Regulations

The Iowa Chamber Alliance continues to support periodic review and cost-benefit analysis of agency rules and regulations in cooperation with affected businesses and stakeholder organizations. Such reviews help ensure a minimally invasive and efficient regulatory environment. Rules and regulations should be regularly evaluated for necessity, effectiveness, cost-efficiency, enforceability, and financial impact. Regulatory stability and responsiveness must be recognized as a critical component of a healthy business climate.

 

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