Mary Lassiter

3:34 pm
Thu July 26, 2012

2012 Budget Ends With $45 Million Surplus Thanks to Boost in Income, Sales Taxes

Despite accounting mistakes and unforeseen disaster relief expenses, state government is closing the 2012 budget with another surplus.

Originally, the budgetary surplus was 83 million dollars, now it's almost halved to 45 million dollars.

State Budget Director Mary Lassiter informed lawmakers of the surplus at an interim committee meeting today. And she says the remaining surplus will be put into the legislature’s savings account.

Read more