HOOSIERS SHOW HOW IT’S DONE: INDIANA POSTS A SURPLUS AND DEMS ARE UNHAPPY
“Indiana State Auditor Tim Berry announced the news on Thursday: the state posted a $1.2 billion surplus in the state budget. Considering that the nation is in the middle of a nationwide recession, this may come as a surprise to many.
“Indiana’s fiscal year ended June 30 with the state having $400 million, or 40 percent more money in its coffers than it had at the same time last year.
“We’re showing . . . that you can manage a budget by reducing expenditures and not raising taxes,” said Berry.” Continue reading
Texas State Budget Surplus
as other states look for handouts
“AUSTIN – As most states scramble to patch holes in their budgets, Texas glides along unscathed – for now.
“Estimates by fiscal watchdog groups vary, but between 37 and 41 states are dealing with shortfalls this year or will face a budget gap in 2009.
“While California, New York, Florida, Michigan and Ohio make painful choices – higher taxes, spending cuts – Texas has a surplus topping $11 billion.
“State leaders remain upbeat as the next legislative session approaches in January, though Gov. Rick Perry has warned agency heads to curb travel and show restraint.” Read more
State Ends Fiscal Year With Budget Surplus
“The Arkansas House of Representatives is made up of 100 Members. With the adoption of term limits, House Members may serve up to three, two-year terms. Legislators also serve on multiple committees during their tenures, both during legislative sessions and in the interim, between regular and fiscal sessions, which means there is always work being done in the House of Representatives.
“Still, Arkansas’s legislature is considered a part-time citizen legislature. Most House Members have full-time careers in addition to their legislative obligations.” More here