tax collections

Local News
5:01 pm
Tue July 3, 2012

Daniels: State To Have $2 Billion Reserve; Taxpayer Refunds Coming

Information for this story also came from the Associated Press

Indiana Gov. Mitch Daniels is touting state cash reserves he says will send more than  $100 to each Indiana taxpayer through automatic tax credits next year.

Daniels said today he expects the state to close its books for the fiscal year with $2 billion in cash reserves.

Roughly $300 million will go to 2013's tax credits and another $300 million will go toward the state's unfunded teacher pension liability.

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