State government spent $100.4 million less than it took in during the 2018 budget year that ended June 30, even after Gov. Eric Holcomb funneled $327.1 million in additional funds to the Department of Child Services.

 

Data released Thursday by State Auditor Tera Klutz shows Indiana collected $15.8 billion in taxes and fees over the past 12 months, and spent $15.7 billion providing services to the state's 6.6 million residents.

 

"As the state's chief financial officer, I am pleased to report that Indiana remains financially strong," said Klutz, a Republican.

 

Adding in the 2018 budget surplus, Indiana now has an ongoing budget reserve of nearly $1.8 billion, or 11.3 percent of annual spending.

 

The state's four reserve funds are projected to grow by a combined $75.6 million over the next 12 months to equal 11.5 percent of state spending by the end of the 2019 budget year.

 

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