The state ended the year with an over $300 million surplus, according to the non-partisan Legislative Services Agency (LSA). The surplus was over $200 million higher than projected and means the state ended the fiscal year on June 30 in solid financial shape.
The LSA report was released today after the state 2010 fiscal year ended on June 30. The report shows the budget was not only balanced, but will also increase the amount of money in the state’s savings account. Combined with current projections, the surplus means the state’s savings accounts will be nearly full again at the end of next year.