State Ends Fiscal Year With Budget Surplus, $2 Billion In Reserve

July 15, 2014
By

State Auditor Suzanne Crouch released new numbers detailing Indiana's fiscal condition Monday.

State Auditor Suzanne Crouch released new numbers detailing Indiana’s fiscal condition Monday.

Indiana’s fiscal condition remains strong. State auditor Suzanne Crouch has released the state’s 2014 Closeout Report today, which shows that Indiana ended Fiscal Year 2014 with a $2 billion reserve and a surplus of $106.8 million.

“Every day, my office contributes to Indiana’s financial stability by assuring payments can and should be made. We ensure those payments are timely, transparent and accurate to confirm that every tax dollar goes to its intended purpose,” said Auditor Crouch.

“The trust a taxpayer grants to an elected official is a sacred trust. Every tax dollar should be spent with serious consideration and respect for the individuals who earned those dollars. Each tax dollar has a name and a face attached to it.”

The Closeout Report also shows that expenditures grew 2.1 percent from 2013, which is less than the 10- year average level of inflation at 2.45 percent.

“At the end of the fiscal year, we do not want to have to go back to Hoosier taxpayers and raise taxes because we need more money,” Crouch said. “By living within our means, keeping prudent reserves and identifying areas of potential growth, we can continue to make Indiana the fiscal envy of the nation.”

Listen Live

Upcoming Events

Nov
18
Tue
9:00 am Achieving Net-Zero Energy Goal @ Jennings County Public Library
Achieving Net-Zero Energy Goal @ Jennings County Public Library
Nov 18 @ 9:00 am – Dec 31 @ 9:00 pm
JENNINGS COUNTY PUBLIC LIBRARY Achieving Net-Zero energy goal Jennings County Public Library is located on North State Road 3 in North Vernon, IN.  The library is open from 9:00 a.m. – 9:00 p.m. Monday thru Thursday, 9:00 a.m. – 6:00 p.m. on Friday 9:00 a.m. – 4:00 p.m. on Saturdays.  Closed Sunday. To follow the library’s progress and monitoring of the solar panels, visit our website:  www.jenningslib.org The Jennings County Public Library is proud to announce it will soon become the largest net-zero energy use public library in Indiana. It is anticipated that the facility will produce energy greater than or equal than that it consumes. The library’s 33,000 square foot facility has made energy improvements in lighting, HVAC, Insulation and rooftop Solar and Solar Tracking Solutions that are helping contribute to the net-zero energy goals. “This project combines an effort to both innovate and think critically about the impact that science can have on the world.  Our net-zero goal is a way to reduce our global footprint and improve our community,” said Steve Massey, President of the Jennings County Public Library Board.  “Net-zero is a process – and an opportunity for the public to learn with us.” Solar Power[...]
Dec
3
Wed
6:00 pm 4-H Online Enrollment Deadline @ Online
4-H Online Enrollment Deadline @ Online
Dec 3 @ 6:00 pm – Jan 15 @ 12:00 am
The 4-H enrollment deadline is 3 months early this year and enrollment is expected to be completed online which means big change for our members!! The 4-H Enrollment deadline is January 15, 2015.
Dec
21
Sun
10:00 am Classic Violinist and Singer Per... @ Adams Lutheran Church
Classic Violinist and Singer Per... @ Adams Lutheran Church
Dec 21 @ 10:00 am – 11:00 am
Jean Watson, a classically trained singer and violinist, will be performing and bringing her message to Adams Lutheran Church on December 21st at their 10:00 am worship service.

View Calendar