More than Pocket Change
. In what must have been an epic game of “checking the couch cushions for extra change” at the Indiana State House, the State Auditor’s reports that there is a $410 million dollar surplus, bringing reserves up to $2.27 billion, or nearly 14% of current-year expenditures. Indiana's fiscal year ended June 30. This, despite the woe-is-me bemoaning in the spring regarding a budget short fall. Cue Crabby Lucy and her football, we fell for it again. Meanwhile, Gov. Eric Holcomb has suggested using those funds for five major capital projects, including:
· $50 million for a new swine barn at the Indiana State Fairgrounds;
· $73 million for the Purdue College of Veterinary Medicine teaching hospital;
· $60 million for the Ball State University STEM and Health Professions facilities;
· $30 million for the Ivy Tech Columbus main building replacement;
· $78 million to finish upgrading U.S. 31 to interstate standards from Indianapolis to
Details will be worked out over the next six months.