Under Governor Mike Pence, Indiana Closes Fiscal Year with Record Reserves
Andy Ober, Inside Indiana Business Reports Indiana State Auditor Suzanne Crouch says the state remains “a model of fiscal integrity.” Crouch says Indiana ended Fiscal Year 2016 with a structural surplus of more than $50 million and the highest level of reserves in state history. The surplus comes despite revenues that were below forecast. Crouch’s office says lower collections were largely offset by low gas prices. The state says Fiscal Year 2016 revenue growth was $111.3 million below the most recent forecast. Even so, it is reporting reserves of more than $2.24 billion, the highest amount ever for Indiana. In a … Continue reading Under Governor Mike Pence, Indiana Closes Fiscal Year with Record Reserves
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