State Closes Out FY 2017

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Klutz says this is the eight straight year that the state has ended the fiscal year with an annual budget surplus. Klutz says this is the eight straight year that the state has ended the fiscal year with an annual budget surplus.

Indiana Auditor Tera Klutz says the state has closed Fiscal Year 2017 with a budget surplus of more than $40 million and nearly $1.8 billion in reserves. Governor Eric Holcomb says, while the numbers are strong, the state "must remain vigilant to maintain our position as the fiscal envy of the nation."

Klutz says this is the eight straight year that the state has ended the fiscal year with an annual budget surplus. Office of Management and Budget Director Micah Vincent says the report is "further confirmation that all Hoosiers benefit from our state's position as a national leader in fiscal responsibility."

You can see the full close-out report by clicking here.

Statement From Governor Eric Holcomb:

As we close the books on another fiscal year, Indiana’s financial position remains strong. With more than a decade of balanced budgets and healthy reserves behind us, we must remain vigilant to maintain our position as the fiscal envy of the nation. To do that, we must continue managing our state’s finances carefully, diversify our economy and grow our workforce.

Statement From Indiana Senate President Pro Tempore David Long:

By passing honestly balanced budgets and practicing fiscal discipline, Indiana has been able to fund our priorities and plan for the future, all while ending the year with a $42 million budget surplus and maintaining nearly $1.8 billion in reserves, which protect taxpayers in the event of an economic downturn. Today’s fiscal closeout report is a clear demonstration of why Indiana continues to be a national leader in fiscal integrity.

Statement From Representative Tim Brown (R-41):

I am very pleased that today’s fiscal year close-out report affirms that Indiana’s financial position remains exceptionally strong. Unlike our neighbors to the west, Hoosiers can trust their state government to balance the budget and pay bills on time. Under strong Republican leadership, we have once again delivered on our promise to be responsible stewards of taxpayer dollars.

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