CHICAGO -- A $400 million tax and revenue anticipation note issue for Iowa was still on hold after Gov. Terry Branstad took steps Wednesday that left the state's fiscal 1993 budget in question.
Gov. Branstad balanced the state's $3.47 billion budget with line-item vetoes of more than $391 million in spending, including $276 million for Medicaid programs. But he plans on calling a special session of the legislature to ensure funding for Medicaid and other programs considered essential, according to Richard Vohs, the governor's press secretary.