Iowa Gov. Reynolds pushes sweeping property-tax cap and budget in final term

In her 2026 Condition of the State, Gov. Kim Reynolds unveiled a broad property-tax relief plan to cap local revenue growth at 2% annually (with exceptions for new construction), plus senior tax relief, FirstHome Iowa savings accounts, and modernization of veterans’ benefits funded in part by expanded federal health programs for rural cancer care. The package also includes consolidation incentives, a move to triannual property assessments, limits on TIF use, and accelerated SAVE funding for tax relief, paired with a FY2027 budget of about $9.666 billion (≈2% more). She contrasted her plan with Senate and House proposals, touched on health, housing and immigration measures, and signaled ongoing fights over eminent domain in carbon-pipeline projects as she serves in her final term.