
Indiana State Auditor Tim Berry announced the news on Thursday: the state posted a $1.2 billion surplus in the state budget. Considering that that the nation is in the middle of a nationwide recession, this may come as a surprise to many
Indiana’s fiscal year ended June 30 with the state having $400 million, or 40 percent more money in its coffers than it had at the same time last year.
“We’re showing . . . that you can manage a budget by reducing expenditures and not raising taxes,” said Berry.
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