Indiana Ends Year With Over A Billion Dollar Surplus. Where Are Other States?
Indiana ends year with $1.2 billion surplus
INDIANAPOLIS — State officials say Indiana is flush with cash reserves because of an improving economy and deep budget cuts made over the past year.
State Auditor Tim Berry said Thursday that the state closed out the budget year that ended June 30 with about a $1.2 billion surplus. Gov. Mitch Daniels has already said he plans to keep that money in savings rather than restore cuts made in recent years.
Berry said a combination of improved income tax collections and more than $1 billion in budget cuts put the state on solid footing.
House Minority Leader Pat Bauer said Thursday that the budget surplus should be used to restore cuts to education and children's health care.
INDIANAPOLIS — State officials say Indiana is flush with cash reserves because of an improving economy and deep budget cuts made over the past year.
State Auditor Tim Berry said Thursday that the state closed out the budget year that ended June 30 with about a $1.2 billion surplus. Gov. Mitch Daniels has already said he plans to keep that money in savings rather than restore cuts made in recent years.
Berry said a combination of improved income tax collections and more than $1 billion in budget cuts put the state on solid footing.
House Minority Leader Pat Bauer said Thursday that the budget surplus should be used to restore cuts to education and children's health care.
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posted by KYJurisDoctor at 11:57 AM
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