Nov 11, 2024

Reynolds says cutting local property taxes is 2025 priority

Posted Nov 11, 2024 4:47 PM

(Radio Iowa) - Governor Kim Reynolds has not announced whether she intends to seek reelection in 2026, but she is giving a few hints about her 2025 policy agenda.

Reynolds has signed five tax cuts into law over the last six years and the state income tax will shrink to a single rate under four percent on January 1st. Two years ago, at a Republican Governors Association forum, Reynolds said her goal was to eliminate the state income tax by the end of her current term, which ends in early 2027. However, Reynolds has indicated her focus in 2025 will be on a reducing tax that's collected by LOCAL governments, like cities, counties and school districts.

Reynolds says there's also opportunities to make more reductions in the state bureaucracy. She signed legislation this year to eliminate 67 boards and commissions and last year the number of state agencies was reduced from 37 to 16.