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Auditor recommends spending state surplus to pay off debts

posted Mar 12, 2013, 11:08 AM by Unknown user   [ updated Mar 12, 2013, 11:10 AM ]
 | Radio Iowa | March 12, 2013 | By O. Kay Henderson |
The state auditor says legislators should consider using the more than $800 million state budget surplus to pay off state debts. State Auditor Dave Vaudt says the Iowa Public Employees Retirement System has a long-term shortfall of nearly $6 billion – and that $800 million also could be used to shore up the pension fund.