The state also closed with a reserve of $1.77 billion. That’s about $400 million less than the year before.
Due to a large number of fresh produce donations the bank had nearly 70,000 pounds of food Friday morning, about 50,000 more than their typical supply.
With only three days left in session, lawmakers are crafting a final version of the budget, and doing so with less money than they’d planned.
The city of Kokomo has $10 million in reserves and a structural surplus in its yearly budget.
Indiana's revenue growth is on pace for the state’s surplus to exceed $2 billion by next summer.
Gov. Mitch Daniels announced Wednesday Indiana taxpayers filing alone will receive $111. Those filing jointly will receive $222.
Universities have been petitioning the state this week for additional funding, but they are not the only ones seeking part of Indiana's $2 billion surplus.
Indiana will put $360 million of this year's budget surplus toward five public pension funds, including state police and teacher retirement funds.
State officials estimate Indiana will have a budget surplus of $2 billion, activating an automatic taxpayer refund.
Indiana House and Senate bills both seek to find a use for the state's surplus, but in different ways.