Iowa 2023 2023-2024 Regular Session

Iowa House Bill HF2700 Introduced / Fiscal Note

Filed 04/18/2024

                    1 
 
HF 2700 – Legislative Salaries (LSB6397HV) 
Staff Contact:  Adam Broich (515.281.8223) adam.broich@legis.iowa.gov 
Fiscal Note Version – New     
Description 
House File 2700 increases the individual salaries of members of the General Assembly and 
Executive Branch elected officials by $10,000.  The Bill also applies an annual cost-of-living 
adjustment based on the average of the cost-of-living adjustment received by the State Police 
Officer Council Labor Union; the American Federation of State, County and Municipal 
Employees; and Iowa United Professionals.   
 
Pay increases for the General Assembly (Figure 1) are effective beginning in calendar year 
2025 upon the convening of the 91st General Assembly in January 2025. Annual cost-of-living 
adjustments will begin in calendar year 2026.   
 
Figure 1 — Pay Changes for Members of the General Assembly 
 
 
Pay increases for Executive Branch elected officials (Figure 2) are effective on June 21, 2024 
(first pay period of FY 2025).  Annual cost-of-living adjustments for statewide elected officials 
will begin in FY 2026.   
 
Figure 2 — Pay Changes for Executive Branch Elected Officials 
 
  Position
Current 
Salary
New 
Salary
Members	25,000$      35,000$      
Speakers of the House	37,000 47,000
Presiding Officer of the Senate 37,000 47,000
Majority Floor Leader	37,000 47,000
Minority Floor Leader	37,000 47,000
President Pro Tempore of the Senate 27,000 37,000
Speaker Pro Tempore of the Senate 27,000 37,000 Position
Current 
Salary
New 
Salary
Governor	130,000$    140,000$    
Lieutenant Governor	103,212 113,212
Secretary of State	103,212 113,212
Auditor of State	103,212 113,212
Treasurer of State	103,212 113,212
Secretary of Agriculture	103,212 113,212
Attorney General	123,669 133,669 
Fiscal Note 
Fiscal Services Division  2 
Background 
Current salaries for members of the General Assembly and Executive Branch elected officials 
were last modified in 2005 Iowa Acts, chapter 177 (Compensation for Public Employees and 
Additional Provisions Act).  Salaries of Executive Branch elected officials are currently funded 
by appropriations made to specific departments.   
Assumptions 
Estimates utilize current benefits and assume all offices are occupied.  Cost-of-living 
adjustments that will increase salaries for future years are unknown, and no adjustments are 
made to salaries for FY 2026.   
Fiscal Impact 
House File 2700 will increase costs by $979,000 in FY 2025 and by $1.9 million per year 
beginning in FY 2026.  For the General Assembly, costs will increase by $896,000 in FY 2025 
and $1.8 million in FY 2026.  For Executive Branch departments, costs will increase by $82,000 
in FY 2025 and FY 2026.  
Source 
Legislative Services Agency calculations 
 
 
 
 
 
 
 
 
/s/ Jennifer Acton 
April 18, 2024 
 
 
 
Doc ID 1449488 
 
 
The fiscal note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code.  Data used in developing this 
fiscal note is available from the Fiscal Services Division of the Legislative Services Agency upon request.  
 
www.legis.iowa.gov