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