Auditor Tera Klutz reveals state budget surplus of $410 million

Gov. Eric Holcomb is proposing major investments following the state’s fiscal-year revenue report.

Indiana Auditor Tera Klutz released the 2019 fiscal year close-out report Thursday, which says the state ended the fiscal year with a budget surplus of $410 million, which exceeded projections by more than $267 million.

As a result, Governor Holcomb says he is recommending the use of nearly $300 million from the state’s reserves to pay for several one-time capital projects, as well as finishing improvements to U.S. 31 between Indianapolis and South Bend.