Indiana government's 2025 budget year beats gloomy forecast

Analysis: Latest Indiana budget drops spending 7% — with cuts 'telling' • Indiana Capital Chronicle

Indiana Gov. Mike Braun signs the budget bill into law from his Statehouse office on Tuesday, May 6, 2025. (From Braun's official X account)Indiana’s latest biennial budget — the first under new Gov. Mike Braun — effectively lowers state spending by 7% after inflation and an across-the-board holdback policy, the Indiana Fiscal Policy Institute found in a Monday budget analysis. The $54.6 billion House Enrolled Act 1001, approved in May, spends 3…

Indiana government's 2025 budget year beats gloomy forecast

Indiana reports better-than-expected revenue INDIANAPOLIS (WISH) — The state’s top money managers on Tuesday said strong sales tax returns and last-minute budget cuts helped avert a major loss of revenue due to tariffs. State Budget Director Chad Ranney said Indiana finished the 2025 budget year on June 30 with a general revenue surplus of $336.9 million. That’s down significantly from the $577 million budget analysts predicted in December but s…