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2 Billion in cash reserves for State government

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The cash reserves for Indiana's state government grew to more than $2 billion after spending cuts by most state agencies and a reduction in state funding for higher education.

Republican state Auditor Suzanne Crouch released figures Monday showing that the state government ended its fiscal year with a $106 million operating surplus despite a nearly $60 million drop in tax revenue.

Gov. Mike Pence ordered spending cuts last year, with state university budgets reduced by $34 million and the Family and Social Services Administration returning nearly $28 million.

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