Indiana closes fiscal year with $50M surplus
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.