Across the country several states are enjoying budget surpluses while the federal government faces a historic fiscal nightmare. Indiana, Ohio, Maine and South Carolina are among the states that ended their fiscal years in the black. Higher than expected tax revenue and significant spending cuts are the reason behind these success stories. It may be mere coincidence that all the aforementioned states -- and several others that also met their numbers -- have Republican governors and/or legislatures, but worth a mention.
States with budget surpluses
Published: July 23, 2011, 1:06 am