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State ends fiscal year with budget surplus

By Abrahm Hurt TheStatehouseFile.com INDIANAPOLIS — Indiana leaders said Hoosiers can have a sense of security in the state’s finances. Indiana’s 2017 Fiscal Closeout Report, which officials released Wednesday, showed a $42 million surplus and reserves at almost $1.8 billion. This is good news for taxpayers, said Auditor of the State Tera Klutz, because the […]

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State finishes year with money in the bank; Democrats say spend some of it

By Amanda Creech TheStatehouseFile.com INDIANAPOLIS — Republican leaders boasted Thursday as they closed the books on the 2015 fiscal year, saying a $210 million surplus and more than $2.1 billion in the bank is a sign of Indiana’s financial integrity. But Democrats say the surplus just shows the state is hoarding money that could be […]

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Commentary: Sedated by the surplus

By Michael Leppert TheStatehouseFile.com “Sedated, we’re nursing on a poison that never stung…” –Hozier Hozier was in town Thursday night performing a summer, outdoor rock and roll show at The Farm Bureau Insurance Lawn at White River State Park. The Irish singer/songwriter mentioned multiple times during his set what a great venue it is. And […]

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Guest column: Delaney says state must invest in roads, transportation

By Ed Delaney State representative Indiana as the Crossroads of America is built around our geographical location and the ways to move about within and across our space. This is where we invest our dollars, but Indiana’s policy on building roads, transit systems, sidewalks and bike-ways can be summarized in a sentence: Hoard our revenue […]

Commentary: Let’s leave the surplus alone

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Commentary: Let’s leave the surplus alone

By Abdul Hakim-Shabazz IndyPoltics.Org My father used to always warn my brothers and me to be mindful when we found ourselves with a little cash. He told us be careful and not think that money was going to burn holes in our pockets. In other words, don’t be in a quick hurry to go out […]

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State has just under $2 billion in bank; not enough for refunds

By Olivia Covington TheStatehouseFile.com INDIANAPOLIS – Indiana is in a stronger financial position at the end of Fiscal Year 2013 than expected, Gov. Mike Pence announced Thursday. But the state’s $1.94 billion in reserves is not enough to trigger the automatic taxpayer refunds created under Gov. Mitch Daniels. The state ended the year with a […]

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Surplus means refunds for Hoosier taxpayers

By Olivia Ober The Statehouse File INDIANAPOLIS — Indiana taxpayers will get an automatic refund worth at least $100 after the state closed the 2012 fiscal year with more than $2 billion in the bank, Gov. Mitch Daniels announced Tuesday. These reserves total more than 14 percent of what the state spends in a year. […]