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State Auditor Tim Berry recently revealed the state’s spending limit was better than everyone in Indianapolis thought it would be. According to figures released by Berry Thursday, the state finished out the budget year – which ended June 30 – with a surplus of approximately $1.2 billion.
He went on to point out the surplus can be credited to the mixture of improved income-tax collections and more than $1 billion in budget cuts.
So, news of a surplus could mean some funding will go back into the state, right?
Don’t hold your breath.
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