Redstate has the story how, when California is in the hole billions of dollars on it’s budget and even the great state of Texas may son run out of unemployment funds, Indiana has a $1.2 billion dollar budget surplus:
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 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?