Indiana to Report a Surplus


Inside INdiana Business relays the Hoosier state is prepared to report a surplus for the fiscal year 2010:

Indiana Governor Mitch Daniels says the state will support a "surprisingly strong surplus" this week. Daniels referred to the pending announcement on CNBC this morning. The news comes after Indiana dealt with revenues $957 million less than budgeted for fiscal year 2010. Indiana was able to remain in the black through steep spending cuts and using nearly $500 million of the state’s surplus, leaving a reserve balance of just over $830 million.

You can see the full report here.

 

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