— The cash reserves for Indiana's state government grew to more than $2
billion after spending cuts by most state agencies and a reduction in
state funding for higher education.
Auditor Suzanne Crouch released figures Monday showing that state
government ended its fiscal year June 30 with a $106 million operating
surplus despite a nearly $60 million drop in tax revenues. Those included
big declines in the inheritance tax that legislators approved eliminating
and casino taxes.
Mike Pence ordered spending cuts last year, with state university losing
$34 million and the Family and Social Services Administration returning
nearly $28 million.
Democratic leader Tim Lanane faulted Pence for being more worried about
the state surplus than improving the well-being of average Hoosiers.