US EditionIFPI: State Ends FY25 in the Black, But Medicaid Costs Loom
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IFPI: State Ends FY25 in the Black, But Medicaid Costs Loom
According to the Indiana Fiscal Policy Institute’s (IFPI) latest close-out brief, the State of Indiana wrapped up Fiscal Year 2025 with $2.5 billion in reserves and a $336.9 million surplus. That’s the headline. But dig deeper, and IFPI highlights a few important trends worth watching. For starters, the fiscal year ended far better than expected. Back in April, the state was bracing for a $400 million revenue shortfall. Instead, actual revenues …
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