Indiana Governor Eric J. Holcomb offered the following statement on July 14, 2021, regarding the 2021 fiscal year close-out, which resulted in $3.9 billion in combined reserves.
“Because of the strong position Indiana occupied going into last year’s unprecedented global pandemic and partnerships at all levels of government, we now find ourselves at a place of full employment and growing economy. State fiscal leaders deserve high praise for closely monitoring financial forecasts and then quickly adapting to the facts on Main Street, Indiana.
We quickly pivoted from managing through a once anticipated recession due to the ramifications of the COVID-19 pandemic to closing the state fiscal year with $3.9 billion in combined reserves. Now, with our 19th straight balanced budget, we are working on everything from mental health programs and health care supports to record increases in K-12 tuition support. We’re investing in state public facilities and infrastructure projects statewide on a level never seen before all the while doing everything we can to create a highly skilled workforce to fill the open jobs of today and tomorrow.
Thanks to everyone’s diligent approach, including a bullish private sector, Indiana is positioned to begin the 2022 state fiscal year in a strong financial position that will benefit Hoosiers for years to come.”