Under Mitch Daniels’ leadership the state reported a $1.3b surplus. The State Auditor Tim Berry noted that they even raised school funding:Berry stood in front of charts Friday that show Indiana increased school funding, avoided a tax hike, and maintained a surplus of about 10%. [...]
“Measures that were taken early on by Governor Mitch Daniels to restrain spending have amounted for a large amount of these fiscal reserves,” Berry said.
The Louisville paper notes that tax revenue was even down $1.2b below projections:The state had $1.33 billion in its main checking account and reserves when the fiscal year ended June 30. That’s roughly the same as one year ago, even though state taxes brought in $1.2 billion less than originally projected.
How’s that for successful governance? No wonder there is a draft movement for Mitch Daniels for President.
Hey, Palin/Daniels in 2012! The two governors who have state budget surpluses - how's Obama going ot beat that?