More than four years after signing into law a ban on using public funds to promote the name, likeness, or voice of Iowa’s statewide elected officials in a “paid exhibit display at the Iowa state fair,” Governor Kim Reynolds continues to spend part of her office budget on an Iowa State Fair booth plastered with her name and picture.

Neither the Republican-controlled legislature nor the state board charged with enforcing the self-promotion law have taken any steps to remedy the situation.

For this post-primary election edition of Iowa wildflower Wednesday, I asked all of Iowa’s Democratic nominees for federal or statewide offices about their favorite wildflowers.

The candidates could choose any flowering plant. It didn’t have to be a native species or one that tends to bloom in Iowa around this time of year.

I’m presenting the wildflower choices in the same order the candidates appeared on the Iowa Secretary of State’s 2022 primary candidate list.

The filing deadline for campaign finance disclosures is always an exciting day for political reporters. My plan for this week was to write a series of posts about fundraising and spending for each of Iowa’s statewide races: governor, attorney general, state treasurer, secretary of state, state auditor, and secretary of agriculture.

I shifted gears after reviewing the latest reports for Governor Kim Reynolds and Deidre DeJear, the only Democrat actively campaigning for governor.

Unless things change dramatically in the coming months, Reynolds will be able to use most of her war chest to help down-ballot Republicans.

With a promise to help Iowa families “achieve their dreams, overcome challenges, and secure their future,” three-term Republican State Senator Roby Smith launched his campaign for state treasurer on December 9.

Editor’s note from Laura Belin: The Governmental Accounting Standards Board and the Government Finance Officers Association now discourage use of the common acronym for this report, because when pronounced it sounds like a racial slur. Bleeding Heartland will avoid using the acronym in the future. Original post follows.

The state of Iowa missed a deadline for publishing a key report on its finances because Iowa State University was unable to provide the data on time.

Iowa’s public universities have typically submitted their financial information to the state by October 1, allowing the state to complete its Comprehensive Annual Financial Report (CAFR) by December 31. But ISU is more than four months behind schedule in submitting data for fiscal year 2020.

The delay stems from the university’s transition to a new accounting method using Workday software, raising concerns about the functionality of the computer system state government committed to in 2019.

All 24 counties in Iowa’s second Congressional district have recounted their votes, but the race between Democrat Rita Hart and Republican Mariannette Miller-Meeks is far from over.

Trackers including Pat Rynard of Iowa Starting Line and Tom Barton of the Quad-City Times reached the same conclusion: once all counties submit their new numbers to the Iowa Secretary of State’s office, Miller-Meeks will have a six-vote lead out of more than 394,000 ballots cast. Rynard posted vote changes in each county since election day here. The two candidates’ vote share is identical to the one-hundredth of a percent (49.91 percent).

The Miller-Meeks campaign’s lawyer Alan Ostergren declared victory after Clinton County’s recount board finished its work on November 28. The Republican candidate said in a written statement, “While this race is extraordinarily close, I am proud to have won this contest and look forward to being certified as the winner by the state’s Executive Council on Monday.”

Three Republicans (Governor Kim Reynolds, Secretary of State Paul Pate, and Secretary of Agriculture Mike Naig) and two Democrats (State Treasurer Michael Fitzgerald and State Auditor Rob Sand) serve on the Executive Council. Assuming that body certifies the result, an election contest is extremely likely.

Senator Elizabeth Warren’s numbers have tapered somewhat in polls of the Democratic presidential race nationally and in Iowa over the past two months. But it would be a mistake to conclude she can’t win the Iowa caucuses.

A large share of caucus-goers have yet to commit to a candidate. Warren’s high-profile supporters, including the latest batch, point to factors that will keep her in contention as many Iowans decide over the next 40 days.

Shoppers in the U.S. spent an estimated $160 billion on gift cards in 2018, up from around $90 billion a decade earlier. The holiday season is the peak time for those purchases.

State Treasurer Michael Fitzgerald has warned that much of the value will go to waste. Years ago, his office had a tool to help Iowans recoup the cost of unused gift cards. But state legislators had a different idea.

Four Democrats recently ended their presidential bids, after it became clear they would not qualify for tonight’s televised debate from Houston.

But more than half a dozen candidates who weren’t on stage tonight continue to actively campaign in Iowa. Several prominent Iowa Democrats are encouraging them to stay in the race and not let the Democratic National Committee narrow the field by default.

Governor Kim Reynolds issued her first item veto of the year this week, rejecting part of a budget bill that sought to limit Attorney General Tom Miller’s authority to sign on to multi-state lawsuits. However, she did so only after Miller agreed not to join any such litigation without her permission, ensuring that he “will not be suing the Trump administration” anymore. In addition, the governor’s veto letter praised the “Legislature’s leadership on this issue.”

While not the worst-case scenario, the resolution of this conflict could invite more Republican bills encroaching on the authority of statewide elected Democrats. The governor and her staff could then pressure those officials to cede some of their power in exchange for a veto.

A divided state board has approved settlements worth a combined $4.15 million to two women who reported extensive, appalling sexual misconduct by former Iowa Finance Authority Director Dave Jamison. Under the agreements posted in full below, $2.35 million will go to the agency’s former business development director Beth Mahaffey, and $1.8 million will go to the agency’s communications director Ashley Jared. Attorney’s fees for both women will come out of those payments.

The settlements bring closure to women who endured a horrific workplace environment. But they also ensure that oversight failures at the finance authority will never be fully explored in litigation.

Polls just closed in Iowa, and I will update this thread frequently throughout the night as results come in. Separate posts on some of the statewide and Congressional races will be forthcoming once the outcome is clear. The Secretary of State’s website is compiling vote totals here. Anecdotal evidence suggests turnout far exceeded 2014 levels on election day.

Early voting already set a record for an Iowa midterm election. This post includes tables showing absentee ballots requested and returned in all four Congressional districts from October 9 through November 6. The numbers aren’t quite final; absentee ballots can be hand-delivered to county auditors today, and ballots arriving by mail later this week can be counted with a postmark dated November 5 or earlier.

What we know: at least 538,043 Iowans voted before election day this year. The total early vote in 2014 was 465,166. Iowa Democrats cast 186,269 early ballots in 2014. As of this morning, 230,294 Democrats had already voted. Republicans cast 178,653 early ballots in 2014 and were at 189,961 this morning. Turnout among no-party Iowa voters typically drops sharply in non-presidential years. Four years ago, 99,491 independents cast ballots; the comparable number today is 114,878.

Earlier today, I reviewed the nine Iowa Senate races most likely to be competitive and 20 Iowa House races that will likely decide control of the lower chamber.

For the first time, at least one third-party candidate has qualified for every Congressional or statewide office in Iowa. Although third parties haven’t traditionally fared well in Iowa, Libertarians had their best showing ever here in 2016 and have nominated a record number of candidates for this November. Since several U.S. House or statewide races could be very close, even a small percentage of the vote for candidates other than the Democratic or Republican contenders could become significant.

With the filing period for Iowa’s general election ballot closed as of 5:00 pm on August 25, it’s time for an overview of the landscape. The full candidate list is posted on the Iowa Secretary of State’s website. UPDATE: John Deeth notes that candidates may have filed on the last day, which wouldn’t be reflected on the version currently posted online. I will update as needed; the key point is that there will be no statewide or Congressional races in Iowa this year with only Republican and Democratic options on the ballot. SECOND UPDATE: The Secretary of State’s office uploaded an amended candidate list on August 27. No new candidates filed for statewide office, but one additional person qualified for the ballot in the fourth Congressional district. Scroll down for further details.

Pictures of Governor Kim Reynolds and acting Lieutenant Governor Adam Gregg are plastered all over the governor’s Iowa State Fair booth, contrary to the intent of a law Reynolds signed in June.

Despite support from his predecessor Bill Northey, Iowa Secretary of Agriculture Mike Naig needed four ballots to secure his party’s nomination at the June 16 Republican Party of Iowa state convention. Governor Kim Reynolds appointed Northey’s longtime deputy to serve out his term in March. Naig finished far ahead of the other four Republicans running for secretary of agriculture on June 5 but fell 0.3 percent short of the 35 percent threshold needed to win the primary outright.

Josh Hughes is a Drake University undergraduate and vice president of the I-35 school board. -promoted by desmoinesdem

Republican Jacob Bossman bested Democrat Rita DeJong by 55.6 percent to 44.3 percent in a January 16 special election that, despite the sub-zero temperatures on election day, got very hot in the final stretch. Sensing vulnerability in this ancestrally Republican seat, the Iowa GOP spent more than $117,000 on tv advertising and paid mail to juice Republican turnout.

The GOP’s investment paid off. But even in this loss, Iowa Democrats have many reasons to feel hopeful, not only because of DeJong’s massive over performance compared to other Democrats, but also because the fundamentals of the district suggest something much larger going on.

Many thanks to Jordan Oster, a public affairs consultant and clean energy advocate from Des Moines, for this review of a remarkable Iowa caucus campaign. -promoted by desmoinesdem

January 3 marked the tenth anniversary of Barack Obama’s victory in the 2008 Iowa Democratic Precinct Caucuses.

Like a number of supporters and former staffers, I took to social media earlier this week to share photos and memories from his campaign. You can check out the full Twitter thread here.

As this anniversary approached, I began to gather photos and recollections of the Obama campaign. The Iowa caucuses have long captivated me, and I have tried to do my part to preserve and keep its unique history alive. A camera is usually a required accessory when I attend presidential events, and I have filled many memory cards with photos of presidential candidates since I first got involved with campaigns in 2003.

UPDATE: Plaintiffs dropped this lawsuit in May 2018 after Republican legislators retroactively legalized the governor’s fund transfer. Original post follows.

State Representative Chris Hall filed a lawsuit today, charging Governor Kim Reynolds and Department of Management Director David Roederer “conspired together to unlawfully appropriate and misuse state funds.” The ranking Democrat on the Iowa House Appropriations Committee is seeking to void “all actions taken as a result of the unlawful Official Proclamation signed on September 28, 2017,” which transferred $13 million from the Iowa Economic Emergency Fund.

That order allowed Reynolds to cover a projected budget shortfall at the end of fiscal year 2017 without calling a special legislative session. But State Treasurer Michael Fitzgerald warned the governor that the planned transfer “would not be in compliance with Iowa law.” Hall’s petition, enclosed in full below, points to the same Iowa Code provision Fitzgerald cited in his letter to the governor.

“There’s not one Republican in this state that could win an election under the rules they gave us,” asserted AFSCME Council 61 President Danny Homan after the first round of public union recertification elections ended this week.

He was only slightly exaggerating.

A review of the last two general election results shows that Iowa’s capitol would be mostly devoid of office-holders if candidates for statewide and legislative races needed a majority vote among all their constituents–rather than a plurality among those who cast ballots–to be declared winners.

Many thanks to Stefanie Running for covering this event and taking wonderful pictures. -promoted by desmoinesdem

The Day

Zeus must lean left because the weather was on the side of the Polk County Democrats (Zeus is also the god of weather in addition to his head god position in Greek Mythology). An almost imperceptible breeze, with mild temps and few clouds made for a pleasant day sitting in the sun and listening to hopefuls for governor or Congress rally the crowd with their vision for the future.

Governor Kim Reynolds’ plan to transfer $13 million from the Iowa Economic Emergency Fund to balance the fiscal year 2017 budget “would not be in compliance with Iowa law,” according to a letter State Treasurer Michael Fitzgerald sent to the governor today.

If his interpretation is correct, then a special legislative session will be required to cover the year-end shortfall. Reynolds’ staff dismissed and mocked Fitzgerald’s concerns.

Attorneys for the state and a former Iowa Senate Republican staffer have agreed to settle a sexual harassment and discrimination lawsuit, William Petroski reported for the Des Moines Register today. In July, a Polk County jury awarded Kirsten Anderson $1.4 million for past emotional distress and $795,000 for future emotional distress, after hearing testimony about a hostile workplace environment and alleged discrimination and retaliation within the Senate GOP caucus.

Under the settlement, Anderson will receive $1.045 million, and the state will pay an additional $705,000 for her attorneys’ fees.

Michael Fitzgerald has seen tight budgets come and go in his 35 years as state treasurer. He is increasingly concerned that Iowa may have trouble making ends meet next spring.

Only a few months into her new job, Governor Kim Reynolds plans to reject Fitzgerald’s considered opinion. The political gamble allows her to downplay the severity of Iowa’s fiscal situation for now. However, her strategy could backfire if a cash-flow problem blows up just before the final stretch of next year’s primary campaign.

State Treasurer Michael Fitzgerald confirmed today that he has decided against running for governor next year.

“Democrats have three good candidates out there and I look to running on the ticket with any one of them,”  Fitzgerald told Radio Iowa.

He says there wasn’t any one particular thing that made him decide not to run for governor. “I think it was a combination of things and it boiled down to I can serve the State of Iowa better as state treasurer,” he says.

Fitzgerald is the country’s longest-serving state treasurer and will be heavily favored for re-election in 2014. He defeated Republican challenger Dave Jamison by approximately 53 percent to 47 percent despite the massive GOP landslide of 2010.

State Representative Tyler Olson and former State Representative Bob Krause are already running for governor, and State Senator Jack Hatch plans to kick off his gubernatorial campaign with events in several cities on September 17.

Last week Governor Terry Branstad finally introduced legislation to enact his Healthy Iowa Plan instead of the Medicaid expansion foreseen under the 2010 federal health insurance reform law. Strangely, neither the governor’s office nor the Iowa House Republican caucus held a news conference or even posted a press release about House Study Bill 232. The bill arrived at the statehouse on Thursday, April 4, after many legislators had left for the weekend.

So far House and Senate Republicans appear united behind Branstad’s approach, while the governor’s office strives to counter the obvious case against his plan (costs more, covers less). I’ve posted arguments for both sides and other news links after the jump.

Representative Bruce Braley’s campaign for the U.S. Senate has steadily rolled out endorsements this month. Eight labor unions have backed Braley’s Senate bid so far, joined today by Iowa Attorney General Tom Miller and Iowa State Treasurer Michael Fitzgerald.

Since Braley lacks any competition in the Democratic primary, these endorsements aren’t newsworthy at face value. However, a closer look at the announcements points to five major themes the Braley campaign will highlight over the next 19 months.

UPDATE: Added a sixth theme below.

The “newspaper Iowa depends upon” won’t endorse a candidate in this year’s races for attorney general, state treasurer, secretary of state, secretary of agriculture or state auditor, Des Moines Register editorial page editor Linda Fandel confirmed to me this week. Fandel told me the newspaper has been inconsistent about endorsing candidates for those offices in the past. She said limited staff time and resources lay behind the decision not to endorse this year. The Register did endorse candidates in the races for governor, U.S. Senate and all five U.S. House seats, as well as the Iowa Supreme Court retention vote, which the editors called the most important election in the state this year.

I understand limits on resources. Compared to previous election cycles, the Register’s newsroom staff is smaller, and its editorial pages contain less content. However, a newspaper that claims to have a statewide profile shouldn’t punt on elections offering such significant contrasts to voters. More thoughts on these campaigns are after the jump.

State Treasurer Michael Fitzgerald has been mostly invisible during this year’s campaign. As the longest-serving state treasurer in the country and a survivor of the 1994 Republican wave, Fitzgerald may have less reason to be worried than other Democratic incumbents. Still, I’ve been wondering when he was going to get around to asking voters to re-elect him.

Today I caught the first television commercial for Fitzgerald’s campaign. As far as I know, it went up on the air this week. I haven’t found a video to embed here, but my transcript and description of the visuals are after the jump, along with the transcript of the radio ad Fitzgerald’s opponent is running. UPDATE: I’ve added the script for Fitzgerald’s radio commercial.

The latest round of financial reports for Iowa statewide candidates are available on the Iowa Ethics and Campaign Disclosure Board website, and once again Republican attorney general candidate Brenna Findley has turned in strong numbers. Thanks to transfers totaling $547,500 from the Republican Party of Iowa, Findley raised $756,617 between July 15 and October 14. During the same period, Democratic incumbent Tom Miller raised $243,326. The huge support from the Iowa GOP allowed Findley to spend more than twice as much as Miller during the reporting period ($661,252 to $298,604). Most of each candidate’s spending went toward advertising: $564,000 for Findley and $225,000 for Miller. Findley has been up on statewide radio for a month and started running television commercials before Miller did. To my knowledge, Miller has not done any radio advertising. Lynn Campbell listed the largest donors to the Findley and Miller campaigns at IowaPolitics.com.

The state party’s massive support for Findley is striking. Republicans have not run a strong challenger against Miller for ages. The party didn’t even nominate a candidate for attorney general four years ago. Also, the Iowa GOP did essentially nothing for state treasurer candidate Dave Jamison or secretary of state candidate Matt Schultz. Jamison received contributions from several of Findley’s high-dollar individual donors and some of the same political action committees backing her (including those created by potential presidential candidates), but the only direct support from the Republican Party came from some GOP county central committees. Schultz received donations from some of those presidential candidate PACs but even less than Jamison from the county central committees and “usual suspect” individual donors.

One could argue that Findley earned the party’s backing through her strong fundraising. She reported far more donations in May and July than the other Republican challengers for statewide offices. Without any financial support from the Iowa GOP, Findley would still have been competitive with her opponent’s contributions and cash on hand totals. She has been an energetic campaigner all year, and serving as Representative Steve King’s top staffer for seven years probably opened a lot of doors for her in terms of fundraising.

Jamison raised $60,479.25 between July 15 and October 14. That was more than the $32,070.52 State Treasurer Michael Fitzgerald raised during the same period, but Fitzgerald had $94,073.48 cash on hand as of October 14 compared to $14,608 for Jamison. Schultz raised $25,903.60 since the July disclosure reports, while Secretary of State Michael Mauro raised $52,862.51. Mauro had $64,267 on hand as of October 14, while Schultz had $7,000.94 on hand and $18,174.77 in unpaid bills to himself. If I were Jamison or Schultz, I’d be upset to be ignored by the state party that gave Findley more than half a million dollars. A hundred thousand or two for Jamison and Schultz would have been enough for a bare-bones paid advertising campaign.

Republican gubernatorial candidate Terry Branstad has been praising Findley at just about every campaign stop for months. He makes a brief appearance in one of her tv ads too. Before the June primary, I thought perhaps Branstad was singling out Findley because there were competitive GOP primaries for the other offices. However, even after winning their primaries Jamison and Schultz haven’t received as much attention or help from Branstad as Findley has.

Bleeding Heartland readers, share your own thoughts about the Iowa Republican establishment’s strong support for Findley in this thread.

Final note on the attorney general’s race: Findley and Miller debated yesterday in Iowa City. You can read about the highlights at the Des Moines Register blog, WCCC.com, Radio Iowa and IowaPolitics.com. Unfortunately, the debate won’t be broadcast on Iowa Public Television, but Mediacom cable subscribers can watch it on channel 22 at 2 pm on October 26 and 11 am on October 31. In the Cedar Rapids/Iowa City market, Mediacom subscribers can watch the debate at 7 am on October 24, 8 pm on October 25 or 7 am on October 31.

Matt Schultz, the not-very-informed Republican who wants to be Iowa’s chief elections officer, has been on a tear lately. Last week he launched the Stop Mauro website, which publishes new allegations almost daily about Secretary of State Mike Mauro’s supposedly nefarious doings. A common thread in Schultz’s rhetoric, dating from the Republican primary campaign, is that Mauro engages in Chicago-style politics, which have no place in Iowa.

On October 1 Schultz slammed Mauro for filming public-service announcements regarding new voting technology for the visually impaired. Radio Iowa’s Kay Henderson covered Schultz’s joint press conference with Republican state treasurer candidate Dave Jamison. Mauro’s office responded as well. There is an obvious public interest in educating Iowans about new voting equipment during election season. Mauro appears in the commercial, but so do a Republican county auditor and the president of the Iowa Chapter of the National Federation of the Blind. More details on the production, funding and script of the ad are here.

Schultz’s attention-getting press conference seems to have backfired. On Monday two more Republican county auditors joined the crowd supporting Mauro for re-election. One of the new endorsers was Marilyn Jo Drake of Pottawattamie County. Schultz is well-known there, having served on the Council Bluffs City Council since 2005. But Drake said in a statement, “I’m proud to support Michael Mauro as he seeks a second term as Secretary of State. Michael Mauro has been a strong and effective partner with county auditors across Iowa. I encourage all Iowans to vote for him this fall.”

Elected county officials rarely back statewide candidates from the other party. Schultz doesn’t have the experience to do this job, and his unfounded claims don’t inspire confidence from the county auditors who work with the Secretary of State’s office.

Jamison’s complaints about State Treasurer Michael Fitzgerald are no more convincing. Jamison claims “taxpayers” are funding television, radio and newspaper ads featuring Fitzgerald. The ads publicize the College Savings Iowa 529 plan and the “Great Iowa Treasure Hunt,” which encourages Iowans to retrieve unclaimed property from the state. Deputy State Treasurer Karen Austin told me that unclaimed property finances the publicity for the treasure hunt, which state law requires twice a year. Those ads typically appear in May and September. The state’s general fund budget doesn’t pay for the college savings fund commercials either; those are funded by the 529 plan’s assets. Austin told Kay Henderson that many states including Iowa normally promote college savings in September. Jamison accused Fitzgerald of using public funds to promote himself, but

Austin says, “The way that we look at it, is having a state office that does this adds credibility to the program, and that is one thing that gives people comfort in understanding and knowing who is promoting this program, and why should I invest in this program and is that state tax benefit legitimate. So we have always felt that it is very important to make sure that people understand what this program is.”

Similarly, Schultz claimed the commercials on voting technology could have been produced without featuring Mauro. Guess what? Incumbents have some natural advantages in politics–like when Republican office-holders use taxpayer money to fund visits to all 99 Iowa counties every year.

Share any thoughts about the secretary of state or state treasurer races in this thread.

P.S. One point on the Stop Mauro site deserves additional comment. Schultz says Mauro “snubs the law,” citing a 2008 Polk County district court ruling. The court determined that Mauro violated Iowa’s official English law by providing and accepting voter registration forms printed in other languages. Legal scholars Evan Seite and Michael Zuckerman have analyzed this case in detail, and the issues at hand are more complicated than Schultz implies. In fact, the judge who wrote the King v Mauro opinion “suggested that the federal Voting Rights Act […] might require Iowa’s use of non-English voter registration forms” under an exception allowing for “language usage required by or necessary to secure the rights guaranteed by the Constitution and laws of the United States.” If plaintiffs ever challenge the Iowa English Language Reaffirmation Act in federal court, Mauro’s actions may be vindicated. Zuckerman argues that English-only laws are constitutionally vulnerable as applied to voting.  

The latest round of statewide and state legislative candidate financial reports are available on the website of the Iowa Ethics and Campaign Disclosure Board. For most candidates, these reports cover money raised and spent between June 2 and July 14. Some of the candidates didn’t file a June 4 disclosure report, and in those cases the latest filing covers the period from May 15 to July 14.

Fundraising numbers for Democratic and Republican candidates for statewide offices are after the jump. In addition to money raised and spent and cash on hand figures, I’ve listed the largest donors for each candidate. I am working on a post about the noteworthy fundraising figures from Iowa House and Senate candidates. John Deeth hit some highlights at the Des Moines Register blog. It’s important to remember that leadership committees for both parties will also spend a lot of money in the battleground legislative districts.

Financial reports for Iowa statewide candidates covering the period from January 1 through May 14 are now available at the Iowa Ethics and Campaign Disclosure Board website. John Deeth summarized the numbers for the statewide races other than the governor’s race, which I discussed earlier today.

The biggest surprise to me was Republican Brenna Findley’s haul in the attorney general’s race. She raised $124,078 since January 1 and has $95,528 on hand. Incumbent Attorney General Tom Miller clearly wasn’t focused on raising money, bringing in just $15,748. Because he started the year with nearly $90,000 in his account, he still has more cash on hand than Findley ($105,200), but Findley has a larger donor base (more than 700 donors).

As a long-time top staffer for Representative Steve King, Findley probably benefits from his donor contacts. It can’t hurt that Terry Branstad is talking up Findley at every campaign stop too. Deeth concludes, “We may have found our downballot sleeper race for the general election.” I don’t think Findley has a chance against Miller, who has been elected attorney general seven times. But she will be able to run a statewide campaign and raise her profile substantially. Miller will have to take this race seriously. His campaigning skills may be rusty, since Republicans gave him a pass in 2006. However, he has a strong record, and it’s worth recalling that he was returned to the attorney general’s office in 1994, an atrocious year for Iowa Democrats.

In all the other statewide races, the incumbents have huge financial advantages over their challengers. Secretary of State Michael Mauro has raised $30,021 since the start of the year, more than his three Republican opponents combined. Mauro has just under $128,000 on hand, whereas Matt Schultz and George Eichhorn both have more outstanding bills than cash on hand, and Chris Sanger has only about $400 on hand. Deeth has more on who’s given to Schultz and Eichhorn. Speaking of this race, I learned recently that the Secretary of State Project has endorsed Mauro.

State Treasurer Michael Fitzgerald hasn’t raised much money so far in 2010 ($4,179), but he started the year with nearly $114,000 and spent almost nothing, leaving about $117,770 cash on on hand. Two Republicans are running against Fitzgerald, and their campaigns have less than $10,000 cash on hand combined. Story County Treasurer Dave Jamison has broader support than James Heavens of Dyersville, who loaned his campaign most of the money raised.

Republican Secretary of Agriculture Bill Northey raised nearly $40,000, and even though he spent quite a lot for this early in the campaign ($53,920), he still has $247,535 on hand. Democrat Francis Thicke raised $58,439, including a $10,000 contribution from the candidate, and has an impressive number of donors (at least 300). He spent a little more than $25,000 and has $33,320 on hand. Corporate interest groups will make sure Northey has tons of money to spend. Thicke will have to run a more grassroots campaign.

Share any thoughts about the statewide races in this thread.

Three of the world’s leading bond rating agencies agree that Iowa deserves the highest possible credit rating. This month Fitch Ratings and Moody’s Investors Service increased their ratings for Iowa to AAA and Aaa, respectively. The ratings boost is related to decisions at both agencies to “recalibrate” the way they assess default risk for municipal bonds. A third leading agency, Standard and Poor’s, gave Iowa the AAA rating last summer.

State Treasurer Mike Fitzgerald noted yesterday, “For the first time in our history, we have the highest ratings from all three rating agencies. Only seven other states have an across-the-board AAA rating.”

The credit ratings are important for two reasons. First, they represent a strong overall assessment of Iowa’s fiscal health. These agencies don’t care whether Governor Chet Culver is re-elected or whether Iowa Democrats retain majorities in the state House and Senate. Their analysts serve professional investors who need to know the risk of default on outstanding obligations. They look at a broad range of factors, including levels of revenues, spending, reserve funds and per capita debt load.

Second, the top-level credit rating means Iowa will be able to borrow at lower interest rates when the next batch of bonds for the I-JOBS infrastructure initiative are sold. When I-JOBS bonds hit the market last summer, strong investor demand drove down the interest rate and, consequently, reduced the state’s repayment costs by approximately $12 million per year for the life of the bonds.

One other point is worth noting: Moody’s gave Iowa a “stable” outlook rating. If professional market analysts believed Iowa legislators had approved unsustainable levels of debt or spending, as State Auditor David Vaudt and many other Republicans have claimed, we would be among the states that received a “negative” outlook from Moody’s.

As I recently discussed here, Republican candidates for governor keep talking about a so-called billion-dollar budget deficit projected for next year, even though the Iowa legislature approved a balanced budget for fiscal year 2011. Instead of acknowledging that fact, Republicans are shifting the goalposts, complaining that Iowa supposedly will have a huge budget gap for fiscal year 2012. Fitzgerald was pitch-perfect yesterday in response this doom-and-gloom talk:

Last week Vaudt criticized the Legislature and Culver for building a fiscal 2011 spending plan so heavily reliant on $736 million in one-time funding sources that it promises a budgetary “cliff” for the following year when state officials will face another projected funding gap exceeding $1 billion.

“The state auditor says that every year and the budget he’s talking about is a year from next July,” Fitzgerald said in an interview. “Well, my goodness gracious, volcanoes can blow up, meteors can hit the earth, who knows what’s going to happen. That’s just speculation.”

Economic and fiscal issues will be at the center of this fall’s election campaigns, creating a challenge for Iowa journalists. The “safe” way to report this issue would be the usual “he said, she said” format: [Republican’s name here] says Democrats are running deficits and driving us too deep in debt, while [Democrat’s name here] says the governor and legislature have kept Iowa in a strong fiscal position.

The alternative is to ask Republicans to defend their assertions in light of these facts:

*Independent analysts for the Pew Center on the States put Iowa in the group of states “least like California” in terms of budget problems.

*Moody’s, Fitch and Standard and Poor’s agree that Iowa deserves the highest possible credit rating.

*Iowa legislators approved balanced budgets year after year amid the biggest revenue collapse in six decades.

*Governor Culver made mid-year spending cuts when necessary in order to preserve our state’s fiscal health. He didn’t keep two sets of books like Terry Branstad, or fully deplete the state’s reserve funds like Minnesota Governor Tim Pawlenty.

Analysts who don’t have a dog in this fight say Iowa is in good shape coming out of the most severe recession since World War II.

P.S.-In case you missed this story last week, Forbes magazine has ranked Des Moines as “the No. 1 city in America for businesses and careers” and Cedar Rapids the “No. 1 city for projected job growth.”

So many campaign stories the past few days, so little time.

After the jump you’ll find lots of links about various campaigns for U.S. Senate, House, governor and state treasurer.

Most of the bonds that will fund the I-JOBS program were sold this week, and Iowa’s solid credit rating fueled strong investor interest. According to State Treasurer Michael Fitzgerald,

investor enthusiasm and high market demand for the Iowa bonds helped drive down the interest rate to 4.31 percent, which resulted in a $42 million yearly payback for the state and a roughly $12 million annual savings over what originally was budgeted to repay the borrowing. […]

“Investors were impressed with the state of Iowa and put their money on the table to show it. There was strong support for the bonds from Iowans and from national institutional investors,” he added.

“This is where our balanced budget, our surpluses that we have and our history of running the state – we’re not California or even Minnesota or Wisconsin or New York right now. All those states are having trouble and we’re doing well,” the state treasurer said. “In fact, one of the investment bankers said Iowa is a refreshing contrast to the other states that have been coming to the market.”

Over $600 million of the I-JOBS bonds have now been sold. Another $115 million of bonds will be issued in 2010.

Speaking to me by phone today, Fitzgerald explained that the I-JOBS bonds are rated AA (a notch lower than the state of Iowa) because they will be repaid out of gaming revenues. We would have had to issue A-grade bonds if Iowa were like other states, which have exhausted their reserve funds and are borrowing simply to meet budget obligations. Investors liked the fact that the I-JOBS bonds will fund capital improvements and not ongoing government spending, Fitzgerald said.

Republicans like Iowa House minority leader Kraig Paulsen and Iowa Senate minority leader Paul McKinley have discounted the importance of Iowa’s AAA bond rating. It’s clear today how wrong they were. If Iowa’s overall financial condition were not strong enough to warrant the AAA bond rating, repaying the I-JOBS bonds would cost $55 million annually instead of $43 million.

A press release from the governor’s office noted that Iowa is among just 11 states that have a AAA bond rating. I’ve posted the full text of that release after the jump.

Once the proceeds from the I-JOBS bonds come through next week, funds will be available for various infrastructure projects, from renovating the Iowa Veteran’s Home in Marshalltown to rebuilding flood-damaged facilities to upgrading sewer systems around the state. Those projects will create jobs while improving the quality of life in many communities.

State Treasurer Michael Fitzgerald doesn’t make the news often, but I am grateful for his recent frank comments to the Des Moines Register:

Fitzgerald, a Democrat who is chief custodian and investor of state government’s money, said last week that a lottery leasing proposal made recently by Kehl Management to Gov. Chet Culver “was a terribly bad deal.”

The governor should have been embarrassed when the details became public, Fitzgerald added.

“I am against leasing the lottery until somebody proves to me that it is a really good deal for the state. I think the lottery is worth $1 billion – minimum – and that is why I am highly suspicious of selling it,” Fitzgerald told The Des Moines Register. […]

Kehl Management, headed by Riverside casino executive Dan Kehl, has proposed a one-time cash payment of about $200 million for a 49-year lease of the Iowa Lottery, plus a 22 percent annual tax on the lottery’s adjusted gross receipts.

I have no idea how Kehl arrived at the $200 million number. Maybe that was a lowball starting point for negotiation, or maybe he thought state officials might jump at the chance to cover a fourth to a third of the expected hole in next year’s budget.

Either way, Fitzgerald’s comments are on the mark. No one should be talking about leasing the lottery for a price that is well below its value. That’s not only bad policy, but also bad politics, since it would create the appearance of Democratic leaders providing a sweetheart deal for large donors. Kehl gave $25,000 to Culver’s campaign committee in 2008.

Fortunately, Senate Majority leader Mike Gronstal has said, “I’ve not seen much interest inside our caucus in proceeding with the sale of the lottery.”

It’s time for statehouse leaders to definitively take selling the Iowa Lottery off the table.

I’ll be making phone calls for Jerry Sullivan (Democratic candidate in House district 59) this weekend.

What are you doing to close the sale for Democrats on Tuesday?

Please post a comment or send me an e-mail (desmoinesdem AT yahoo.com) if I’ve left out any important events.

Saturday, November 1

The Tallgrass Bioneers conference continues in Grinnell.

For more information, please visit:

http://www.gotoplanb.net/bione…

(a link to google map and driving directions is at the top of the page)

To pre-register, visit:

http://gotoplanb.net/bioneersc…

Complete schedule:

http://www.gotoplanb.net/bione…

Leading Iowa Democrats are kicking off a three-day bus tour and caravan around the state:

IOWA DEMOCRATIC PARTY’S “COUNT ON US” BUS TOUR FEATURING SENATOR HARKIN AND GOVERNOR CULVER

AMES – 8:45 AM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, former Governor Tom Vilsack and Christie Vilsack, 4th District Congressional Candidate Becky Greenwald, Secretary of State Michael Mauro, and IDP Chairman Scott Brennan

Iowa State University

Memorial  Union – Cardinal Room

2229 Lincoln Way

Ames ,  Iowa

CARROLL – 11:00 AM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, 5th District Congressional Candidate Rob Hubler, and IDP Chairman Scott Brennan

Moose Lodge

200 East 5th St

Carroll ,  Iowa

STORM LAKE – 1:00 PM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, 5th District Congressional Candidate Rob Hubler, and IDP Chairman Scott Brennan

Obama Iowa Campaign for Change office

805 Flindt Drive, Suite 2

Storm Lake ,  Iowa

FORT DODGE – 3:15 PM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, 4th District Congressional Candidate Becky Greenwald, and IDP Chairman Scott Brennan

Fort Dodge Public Library

424 Central Avenue

Fort Dodge ,  Iowa

ALGONA – 5:00 PM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, 4th District Congressional Candidate Becky Greenwald, and IDP Chairman Scott Brennan

Berte’s Back Nine

216 E. State Street

Algona ,  Iowa

MASON CITY – 7:00 PM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, 4th District Congressional Candidate Becky Greenwald, Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and IDP Chairman Scott Brennan

Chicago Dawg Restaurant

687 South Taft Avenue

Mason City ,  Iowa

IOWA DEMOCRATIC PARTY’S “COUNT ON US” CARAVAN

BOONE – 8:30 AM

Lt. Governor Patty Judge

Iowa Obama Campaign for Change office

1327 S Marshall St

Boone ,  Iowa

INDEPENDENCE – 10:15 AM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Iowa Obama Campaign for Change office

204 1st Street East

Independence ,  Iowa

TAMA – 10:45 AM

Governor Tom Vilsack and Christie Vilsack, and Secretary of State Michael Mauro

Iowa Obama Campaign for Change office

128 West 3rd Street

Tama ,  Iowa

DENISON – 11:00 AM

Lt. Governor Patty Judge and 5th Congressional District Candidate Rob Hubler

Iowa Obama Campaign for Change office

128 S. Linden St

Denison ,  Iowa

NEWTON – 12:30 PM

Governor Tom Vilsack and Christie Vilsack, and Secretary of State Michael Mauro

Iowa Obama Campaign for Change office

207 1st Avenue West

Newton ,  Iowa

DECORAH – 1:00 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Iowa Obama Campaign for Change office

421 West Water Street

Decorah, Iowa

KNOXVILLE – 2:15 PM

Governor Tom Vilsack and Christie Vilsack, and Secretary of State Michael Mauro

Iowa Obama Campaign for Change office

206 East Robinson Street

Knoxville ,  Iowa

WAVERLY – 3:45 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Iowa Obama Campaign for Change office

100 2nd Street, Southwest

Waverly, Iowa

LAMONI – 5:00 PM

Governor Tom Vilsack and Christie Vilsack, and Secretary of State Michael Mauro

Iowa Obama Campaign for Change office

128 South Linden Street

Lamoni, Iowa

CHARLES CITY – 5:15 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Iowa Obama Campaign for Change office

216 North Main Street

Charles City ,  Iowa

Sunday, November 2

It’s the last day of the Tallgrass Bioneers conference in Grinnell and the second day of Iowa Democrats’ bus tour and caravan:

WATERLOO – 11:45 AM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, Congressman Bruce Braley, and IDP Chairman Scott Brennan

Jameson’s Irish Pub

310 East 4th Street

Waterloo ,  Iowa

DUBUQUE – 2:00 PM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, Congressman Bruce Braley, and IDP Chairman Scott Brennan

Labor Temple

1610  Garfield

Dubuque ,  Iowa

CLINTON – 4:00 PM

Senator Tom Harkin and Ruth Harkin, Lt. Governor Patty Judge, Congressman Bruce Braley, and IDP Chairman Scott Brennan

Clinton Community College Auditorium

1000 Lincoln Boulevard

Clinton ,  Iowa

DAVENPORT/BETTENDORF – 5:30 PM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, Congressman Bruce Braley, and IDP Chairman Scott Brennan

United Steelworkers Local 105

880 Devils Glenn Road

Bettendorf ,  Iowa

CEDAR RAPIDS – 7:45 PM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, Lt. Governor Patty Judge, Congressman Dave Loebsack, and IDP Chairman Scott Brennan

Machinist Local  831

222 Prospect Place

Cedar Rapids ,  Iowa

IOWA DEMOCRATIC PARTY’S “COUNT ON US” CARAVAN

INDIANOLA – 11:15 AM

Governor Tom Vilsack and Christie Vilsack, and Secretary of State Michael Mauro

Iowa Obama Campaign for Change office

602 North Jefferson Way

Indianola, Iowa

SPENCER – 11:45 AM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and 5th Congressional District Candidate Rob Hubler

600 Grand Avenue, 1st Floor (formerly Marcos Restaurant)

Spencer ,  Iowa

WAUKEE – 12:45 PM

Governor Tom Vilsack and Christie Vilsack, Secretary of State Michael Mauro, and 4th Congressional District Candidate Becky Greenwald

Iowa Obama Campaign for Change office

144 East Laurel Street

Waukee, Iowa

WINTERSET – 2:00 PM

Secretary of State Michael Mauro and 4th Congressional District Candidate Becky Greenwald

Obama  Iowa Campaign for Change office

104 North 1st Avenue

Winterset ,  Iowa

LE MARS – 2:00 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and 5th Congressional District Candidate Rob Hubler

Obama Iowa Campaign for Change office

27 Central Avenue, Northwest

Le Mars, Iowa

SIOUX CITY – 3:30 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and 5th Congressional District Candidate Rob Hubler

Mary Treglia Community House

900 Jennings Street

Sioux City ,  Iowa

MAQUOKETA – 5:30 PM

Lt. Governor Patty Judge

Iowa Obama Campaign for Change office

124 West Platt Street

Maquoketa ,  Iowa

COUNCIL BLUFFS – 5:45 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and 5th District Congressional Candidate Rob Hubler

McGinn Law Firm

25 Main Place, Suite 500

Council Bluffs ,  Iowa

CRESTON – 8:30 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and 5th District Congressional Candidate Rob Hubler

Iowa Obama Campaign for Change office

209 North Maple Street

Creston ,  Iowa

Monday, November 3

Did you remember to enter the Bleeding Heartland election prediction contest? You can’t win if you don’t play!

It’s the last day for early voting at your county auditor’s office.

It’s the final day of the Iowa Democrats’ bus tour and caravan:

IOWA CITY – 10:00 AM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, Lt. Governor Patty Judge, Congressman Dave Loebsack, Attorney General Tom Miller, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and IDP Chairman Scott Brennan

Vito’s

118 East College Street

Iowa City ,  Iowa

BURLINGTON – 12:15 PM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, Congressman Dave Loebsack, and IDP Chairman Scott Brennan

Port of  Burlington

400  North Front Street

Burlington ,  Iowa

OTTUMWA – 2:30 PM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, Lt. Governor Patty Judge, Congressman Dave Loebsack, and IDP Chairman Scott Brennan

UFCW Hall

1305 East Mary Street

Ottumwa ,  Iowa

MARSHALLTOWN – 5:15 PM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, 4th Congressional District Candidate Becky Greenwald, Congressman Dave Loebsack, and IDP Chairman Scott Brennan

UAW Hall

411 Iowa Avenue, West

Marshalltown ,  Iowa

DES MOINES – 9:00 PM

Senator Tom Harkin and Ruth Harkin, Governor Chet Culver, Lt. Governor Patty Judge, Congressman Leonard Boswell, Attorney General Tom Miller, Secretary of State Michael Mauro, State Treasurer Michael Fitzgerald, former Lt. Governor Sally Pederson, and IDP Chairman Scott Brennan

UAW Hall

411 Iowa Avenue, West

Marshalltown ,  Iowa

IOWA DEMOCRATIC PARTY’S “COUNT ON US” CARAVAN

TIPTON – 11:30 AM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Obama Iowa Campaign for Change office

500 Cedar Street

Tipton, Iowa

MUSCATINE – 1:15 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Parks and Recreation Building

312 Iowa Avenue

Muscatine, Iowa

FORT MADISON – 3:30 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Obama Iowa Campaign for Change office

819 Avenue G

Fort Madison, Iowa

FAIRFIELD – 5:30 PM

Attorney General Tom Miller, State Treasurer Michael Fitzgerald, and former Lt. Governor Sally Pederson

Obama Iowa Campaign for Change office

108 West Palm Road

Fairfield ,  Iowa

If you’re in the Cedar Rapids area and are interested in global warming:

 CLIMATE  CHANGE IN  IOWA TOPIC OF NOV. 3  FORUM:

“The global climate is changing. We know that humans are responsible for a large portion of that change, which will have implications for Iowa.”

That is the central theme of a public forum set for Kirkwood Community College Monday, Nov. 3 at 7 p.m. Kirkwood and several other colleges and community groups will host a “Connections” program in Ballantyne Auditorium on the main Kirkwood campus.

The free forum will feature Dr. Jerald Schnoor of The University of Iowa, speaking on “Mitigating and Responding to Climate Change in Iowa.”  Schnoor is the Allen S. Henry Chair and professor of Civil and Environmental Engineering and co-director of the Center for Global and Regional Environmental Research.

Tuesday, November 4

It’s not too late to contact your local Democratic field office or county party to volunteer for a shift on election day. There are many jobs to be done–you don’t have to work the phones or knock on doors.

Barack Obama’s rally in downtown Des Moines on Friday morning will grab most of the media attention, but there will be many, many rallies around Iowa this weekend.

Beginning on Saturday and continuing through Monday, Senator Tom Harkin and Governor Chet Culver will headline a 16-stop “Count on Us” bus tour, while top state officials and our candidates for Congress will headline a “Count on Us” caravan.

I’ve posted the full schedule after the jump. No matter where you live, you probably wouldn’t have to drive far to get to one of these events. Feel free to post a diary afterward to tell us how it went.