It PAYS to be a Hoosier !!!!

div class='posterous_autopost'p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"strong style="margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;"July 3, 2012/strong/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"strong style="margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;"News Release/strong/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"div class='p_embed p_image_embed' img alt="Money" height="125" src="http://getfile8.posterous.com/getfile/files.posterous.com/temp-2012-07-09/qhJvCuJuBcvrgByHslBzDeksyFxEwtpHAeoirxulyrHGlICEEDrtrjFHqAyG/money.jpg.scaled500.jpg" width="150" / /div /p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"Indianapolis, Ind. -- Governor Mitch Daniels said today that a preliminary look at fiscal data shows Indiana will close the 2012 Fiscal Year with reserves of more than $2 billion and a structural surplus, meaning annual revenue in excess of annual expenses, of more than $500 million./p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"With reserves totaling at least 14 percent of the statersquo;s budget, span style="text-decoration: underline;"emstrongmost Hoosier taxpayers will receive their first automatic taxpayer refund when they file their state taxes in 2013./strong/em/span The Indiana General Assembly approved the governorrsquo;s plan for an automatic taxpayer refund in 2011./p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"span style="text-decoration: underline;"emstrongThe refund will clearly be in excess of $100 for a single filer or $200 for a joint return./strong/em/span The exact amount will not be ascertained until the fall when the estimate will be made of how many tax returns will qualify. The median income tax payment was a little over $800 last year, so the refund will amount to more than 10 percent for the typical Hoosier./p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"Because the statersquo;s reserves exceed 10 percent of the upcoming yearrsquo;s budget, half of the excess will be returned to taxpayers and the other half will go to further strengthen several of the statersquo;s pension funds. That means the pension funds, already rated among the nationrsquo;s most secure, will receive at least $300 million./p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"For Fiscal Year 2013, the state is projecting a structural surplus of more than $400 million, resulting in the statersquo;s reserves again exceeding $2 billion./p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"Indiana fiscal facts during the Daniels administration: Indiana has its first Triple-A credit rating Indiana's expenditures have grown at less than one-quarter of the rate of the previous decade Indiana has the fewest state employees per capita in the country Indiana has paid down previous debt 43 percent/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"o span style="text-decoration: underline;"emstrongIndiana repaid more than $750 million of debt/strong/em/span previously owed to schools, universities and local governments/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"o span style="text-decoration: underline;"emstrongIndiana repaid a $63 million loan to the Motor Vehicle Highway Fund/strong/em/span that originated in the 1990s/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"ospan style="text-decoration: underline;"emstrong Indiana paid off the 50 year old bonds/strong/em/span on the Indiana Toll Road, almost $200 million worth. Indiana has the lowest burden per household to fully fund public pensions in the country/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"o Indiana has the smallest unfunded liability per capita for retiree health care of any state/p p style="margin: 0.75em 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline; color: #333333; font-family: Arial, Arial, Helvetica, sans-serif; text-align: left;"o At 6.75 percent, Indiana's pensions have the most conservative investment return assumptions of any state and is the only state below 7 percent Indianarsquo;s combined pension and long-term debt liability as a percentage of GDP is the 2nd lowest in the country/p pnbsp;/p/div _origwidth="150"