(INDIANAPOLIS) - Indiana closed out the 2025 fiscal year with a $676 million budget surplus and $2.5 billion in state reserves, according to the state's annual financial report.
State Comptroller Elise Nieshalla said 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.
"Indiana's finances are in a solid position, demonstrating sound management and reliability for taxpayers," Nieshalla said.
In addition to the surplus and reserve levels, the comptroller 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.