Overview / Major Events
Leaders of the House and Senate made major progress on budget negotiations and announced they had agreed on a global budget number. While details of how that number will be divided remain, the agreement on the size of the FY20 budget removes a major obstacle to an on-time adjournment. In fact, there is a growing belief that Session could conceivably adjourn by late next week or into that weekend (which would be a week early). However, it will not take much of a hiccup to move the timetable back to the original schedule.
Bi-Partisan Deal Reached on Sports Betting
This week a bi-partisan deal was reached on legislation that would allow existing Iowa casinos to operate sports betting operations in both their physical facilities and through the use of mobile applications. The deal also included the respective leaders of the House and Senate—meaning passage in both Chambers looks a near certainty.
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Current news, events, regulations and other information in banking, and at Community Bankers of Iowa.
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