Indiana government's savings: $1.785 billion

INDIANAPOLIS – Indiana closed the fiscal year with $1.785 billion in its savings account amid continually disappointing corporate income tax collections.

State Auditor Tera Klutz and Office of Management and Budget Director Micah Vincent lauded the state's fiscal prowess.

“As the state's chief financial officer, I am pleased to report the State of Indiana remains financially strong.” Klutz said. “Indiana continues to adapt its spending to meet financial challenges that often occur.

“By continuing to live within our means and remain fiscally conservative, our state can be proactive, rather than reactive when faced with the realities of governing. I want to thank all the state officials for their diligent work, but I want to remind them, there is still work to be done. We must continue to work harder and smarter to ensure we are delivering services Hoosiers need in the most cost-effective manner.”

Read more: http://www.journalgazette.net/news/local/indiana/20180713/indiana-governments-savings-1785-billion