Fiscal Report Shows Indiana in a 'Better Position' than Anticipated Amid Dismal Economic Outlook

Fiscal report shows Indiana in a 'better position' than anticipated amid dismal economic outlook

INDIANAPOLIS-- As the state contends with a now $2 billion budget shortfall, Indiana State Comptroller Elise Nieshalla released a more optimistic update Tuesday. She, along with State Budget Agency Director Chad Ranney and State Secretary of Management and Budget Lisa Hershman, announced Indiana ended FY 2025 with $2.5 billion in state reserves—in other words, a healthy reserve of 11% of state expenditures. “Hoosiers can remain confident that ou…

Fiscal leadership confident in Indiana’s finances with reserves at $2.5B • Indiana Capital Chronicle

Indiana State Comptroller Elise Nieshalla details Indiana's finances at the end of the 2025 fiscal year on July 15, 2025. (Whitney Downard/Indiana Capital Chronicle)A trio of Indiana’s budget leaders emphasized their confidence in the state’s finances at the end of the 2025 fiscal year during a Tuesday press conference — with $2.5 billion in the bank. But three Indianapolis Democrats painted a far darker picture for the average Hoosier.  “Hoosie…

Indiana's fiscal year 2025 report: $2.5 billion in state reserves

The State of Indiana reports approximately $2.5 billion in state reserves, with the majority in the Rainy Day Fund.

Fiscal leadership confident in Indiana’s finances with reserves at $2.5B

by Whitney Downard, Indiana Capital Chronicle July 15, 2025 A trio of Indiana’s budget leaders emphasized their confidence in the state’s finances at the end of the 2025 fiscal year during a Tuesday press conference — with $2.5 billion in the bank. But three Indianapolis Democrats painted a far darker picture for the average Hoosier. “Hoosiers can remain confident that our financial footing is stable, despite a year marked by economic fluctuatio…