Indiana Office of Management and Budget

Without an extension the money must be spent on expenses directly related to the pandemic incurred by the end of December.

Indiana says it has spent or committed to spending less than $1 billion in federal CARES Act money out of the $2.4 billion it's received.

A memo issued this week by the State Budget Agency directs department leaders to take action for reducing expenses, along with no vehicle or furniture purchases.

The Holcomb administration announced Friday that Office of Management and Budget Director Micah Vincent will depart June 30.

The difference comes from what's essentially a calculation error - the original estimate didn't consider the current fiscal year.

Overall, the state's tax collections essentially met the budget plan approved last year, 0.01 percent better than expected.

The Holcomb administration's proposed budget, as presented to lawmakers, contains only a modest increase in education spending.

The state finished its 2016 fiscal year with $2.4 billion in reserve.