Indiana closes fiscal year with $50M surplus

(WISH Photo)

INDIANAPOLIS (WISH) — Indiana closed the 2016 fiscal year with the highest reserves in history.

Lt. Gov. Eric Holcomb and state auditor Suzanne Crouch say this year is closing with a surplus of $50.6 million.

The state’s reserves are now at $2.4 billion, which is up $100 million from last year.

Lawmakers credit financial discipline for the state’s positive position.

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