Inside Indiana’s news release regarding Indiana’s budget surplus had a glaring error this morning.
Indiana State Auditor Tim Berry says state reserves at the end of the 2009 fiscal year increased by $26 million to more than $1.32 billion. But he says those reserves are expected to drop by $1 billion by June 2011.
That’s not correct.
From Indiana Auditor Tim Berry’s office.
State reserves inched up $26 million at fiscal year end to $1.329 billion, and are expected to drop to $1 billion by June 2011 under the budget recently passed by the General Assembly.
Key word “to.”
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