News Sections
Auditor Candidate Charges State Surplus Artificially High
Updated July 9, 2014 7:09 AM
 Print    Archive    RSS

(STATEHOUSE) - State Auditor Suzanne Crouch announces Indiana's balance sheet for the just-ended fiscal year on Monday.

Her Democratic opponent charges the state is inflating the surplus at the expense of Hoosier needs.

Mike Claytor says he expects the state will report a 1.7-billion-dollar surplus -- that's what a December forecast predicted, and would be about 14-percent of total spending. But he argues the state should be spending that money on education instead of sitting on it.

State law caps the surplus at 12.5-percent. Anything above that at the end of the two-year budget next year triggers an automatic tax rebate.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2017 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback