The state auditor has identified $54 million in lapsed funds from the fiscal year 2009 budget that will be returned to reserves.
Gov. Sonny Perdue also said that the state had saved $35 million in debt service by refinancing approximately $658 million in bonds.
Perdue said that every dollar saved means less that has to be cut from the already lean state budget.
The state is wrestling with a budget hole that's forced deep cuts to agencies and furloughs for state workers.