Local Politics

State closes 2010 fiscal year with surplus

Posted August 26, 2010 6:06 p.m. EDT

— The state's General Fund ended the 2010 fiscal year with a $236.9 million balance, officials said Thursday.

The Office of the State Controller said the balance at the end of the 2009 fiscal year was $92 million.

Most of the difference came from increased sales tax collections and decreases in spending across the board.