Indiana ends fiscal year in the black
Despite a sour economy, Indiana’s state government will finish the 2008 fiscal year with a $321 million budget surplus after state agencies slowed the growth of their spending, State Auditor Tim Berry said today. In the fiscal year that ended June 30, Indiana collected $13.05 billion in revenue and spent $12.73 billion to fund government operations, leaving a balance of $321.4 million. It is the third consecutive year of a state budget surplus.
http://www.courierpress.com/news/2008/jul/17/state-ends-fiscal-year-black/
3 congressional challengers raise nearly $400K
Three congressional challengers in Indiana have raised about $400,000 or more for the fall elections, although only one had more campaign funds at the end of June than the incumbent he wants to displace. Democrat Michael Montagano had $351,701 in the bank compared with the $323,339 for Republican Rep. Mark Souder, R-Fort Wayne, according to campaign disclosure reports released this week. Montagano has raised $468,157 and Souder $558,616.
http://www.indystar.com/apps/pbcs.dll/article?AID=/20080716/NEWS05/807160490/1008/LOCAL19
Samuel R. Turpin
