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In Indiana, stimulus grows rainy day fund

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The North West Indiana County Times recently pointed out something fascinating about how Indiana was using funds granted to it under the American Recovery and Reinvestment Act:

Indiana State Budget Director Christopher Ruhl confirmed the federal stimulus money was used to provide basic tuition support dollars for school districts, allowing the state to squirrel away funds that normally would have been used for that purpose.

"The state dollars saved were placed in our education rainy day fund," he said. "The special session budget required those funds be transferred from the education rainy day fund to the state general fund in ...

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