(INDIANAPOLIS) - Indiana closed out the 2025 fiscal year with a budget surplus of $676 million.
In addition, the State's annual financial report says Indiana has $2.5 billion in state reserves.
State Comptroller Elise Nieshalla says the figures reflect Indiana's continued emphasis on fiscal discipline and long-term stability. The report also shows Indiana maintains the fourth-lowest debt per capita in the nation and has preserved its AAA credit rating.
Along with the surplus and reserve levels, Nieshalla announced plans to launch a new federal funds dashboard later this year. The online tool is intended to give residents greater access to information on how federal dollars are spent in Indiana, increasing transparency and public oversight.
State officials point to the combination of budget surpluses, low debt, and strong reserves as evidence of Indiana's ability to weather economic uncertainty while maintaining core services and investments.
Indiana's financial standing continues to rank among the strongest in the country, positioning the state for sustained economic resilience in the years ahead.