Auditor Tim Berry announced Indiana closing the books on the fiscal year that ended June 30 with a net reserve balance around $173 million greater than what they anticipated when the budget was passed in June of 2009.
“The announcement is an incredible achievement for the State of Indiana. The financial prudence we exhibited is reflected in the strong fiscal shape our state is in,” said Rep. Turner.
According to Auditor Tim Berry, Indiana is one of 13 states to have a healthy reserve balance at the end of fiscal year 2010; the only state in the Midwest.
Alongside the positive reserves announcement, Hoosiers can continue to view the fiscal position of Indiana on the internet through the transparency portal. Rep. Turner authored legislation, HEA 1004, which requires the state to create a user-friendly website with detailed information about government spending.
Financial information including budgets and expenditures by local governments, agencies, and education institutions, as well as property owned by the state is posted to the new website.
“This legislation had the taxpayer in mind. Hoosiers deserve to know how their tax dollars are being spent,” said Rep. Turner. “This announcement about our reserves is a positive one, and we want to continue to keep the door of transparency open.”
The website can be visited at: www.in.gov/itp