Indiana ended the fiscal year with a surplus of $483 million, the governor announced Thursday.
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.
The state collected $23 million more than anticipated last month, nearly 2 percent ahead of projections.
Hoosier taxpayers will each receive about $110 because of the automatic refund that is triggered when the surplus reaches a certain amount.
Mitch Daniels wants the legislature to focus on the police entry bills and working out a solution on the automatic taxpayer refund in its last days in session.
The money comes from corporate tax collections found by the state last year after a software error failed to deposit it into the state’s general fund.
Economic advisors tell the State Budget Committee both the Indiana and U.S. economies will grow over the next couple of years, but that growth will be slow.
The state's $28 billion budget is on its way to the governor for his signature.