budget surplus http://wfpl.org en Gov. Pence Touts Indiana Budget Surplus http://wfpl.org/post/gov-pence-touts-indiana-budget-surplus <p>Indiana Gov. Mike Pence says the state ended its last fiscal cycle with more money than expected.</p><p>Pence today praised budget closeout numbers showing the state with $93 million more than projected in an ongoing surplus and $86 million more in cash reserves.</p><p>The majority of the new money will be used to pay off bonds for the Miami Correctional Facility in northern Indiana.</p><p>Pence says the surplus would be better used to pay down debt left to him when he took office.</p> Thu, 11 Jul 2013 19:22:48 +0000 Associated Press & Rick Howlett 6087 at http://wfpl.org Gov. Pence Touts Indiana Budget Surplus Daniels Announces Hoosier Tax Credits http://wfpl.org/post/daniels-announces-hoosier-tax-credits Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus.<p> Gov. Mitch Daniels announced the credit today.<p> It will be $222 for couples filing joint returns. The credit represents the automatic taxpayer refund plan that Daniels pushed through the state legislature last year.<p> That refund kicked in with the state's reserves reaching about $2.1 billion. Wed, 21 Nov 2012 17:26:45 +0000 Rick Howlett & The Associated Press 2605 at http://wfpl.org Daniels Announces Hoosier Tax Credits 2012 Budget Ends With $45 Million Surplus Thanks to Boost in Income, Sales Taxes http://wfpl.org/post/2012-budget-ends-45-million-surplus-thanks-boost-income-sales-taxes <p><span style="font-family: 'Times New Roman'; font-size: medium; line-height: normal; ">Despite accounting mistakes and unforeseen disaster relief expenses, state government is closing the 2012 budget with another surplus.</span></p> Thu, 26 Jul 2012 19:34:35 +0000 Kenny Colston 1136 at http://wfpl.org State Budget Sees Small Surplus http://wfpl.org/post/state-budget-sees-small-surplus <p></p><p>Despite dim outlooks, the Commonwealth of Kentucky has turned a budget surplus for the second year in a row.</p><p>The last fiscal year closed with &nbsp;an additional $83 million &nbsp;in &nbsp;the General Fund. The road fund has a $31 million &nbsp;surplus.</p><p>The extra revenue has two potential uses. First, the state can make emergency payments, like putting additional money to cleaning up tornado damage in Eastern Kentucky.</p><p>And it can send money to the rainy day fund to help build back &nbsp;Surpluses that were spent during the recession.</p> Tue, 10 Jul 2012 17:59:23 +0000 Kenny Colston 967 at http://wfpl.org