{"id":131640,"date":"2026-07-15T11:01:33","date_gmt":"2026-07-15T15:01:33","guid":{"rendered":"https:\/\/aroundfortwayne.com\/news\/?p=131640"},"modified":"2026-07-16T20:04:00","modified_gmt":"2026-07-17T00:04:00","slug":"indiana-state-fiscal-year-end-reserves-and-surplus-announced","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2026\/07\/15\/indiana-state-fiscal-year-end-reserves-and-surplus-announced\/","title":{"rendered":"Indiana State fiscal year-end reserves and surplus announced"},"content":{"rendered":"

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Indiana State Comptroller Elise Nieshalla and state budget leaders announce Indiana State Reserves and Surplus at fiscal year-end close.<\/p>\n

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News release from the Indiana Comptroller’s office:<\/p>\n

Comptroller Nieshalla and State Budget Leaders Announce State Reserves and Surplus at Fiscal Year-End Close<\/strong>
\nHighlights active budget management and economic growth<\/em><\/p>\n

Statehouse, Indianapolis, Indiana (July 15, 2026) \u2013 Over a year ago, the State navigated a cautious revenue forecast in part due to the development of new tariffs. Yet the U.S. economy grew by 2%, and Indiana outpaced national growth with a 2.2% GDP increase. Today, those trends are reflected in the fiscal year 2026 closeout with $3.99 billion in reserves, up 60% from the prior year, and a $1.86 billion surplus, up 174%, State Comptroller Elise Nieshalla announced today, alongside Secretary of the Office of Management and Budget Lisa Hershman and State Budget Director Chad Ranney.<\/p>\n

\u201cIndiana\u2019s fiscal position is undoubtedly strong, and we responsibly navigated a time of uncertainty, reflecting both Governor Braun and the General Assembly\u2019s focus on active budget management and economic growth,\u201d said Comptroller Nieshalla. \u201cHoosiers can count on the State of Indiana to manage fluctuating factors and still stay in the black with a surplus, due to our state\u2019s constitutional requirement to pass balanced budgets.\u201d<\/p>\n

Underscoring Indiana\u2019s long-term financial stability, statutory reserves\u2014including the Rainy Day Fund, Medicaid Reserve and Tuition Reserve\u2014remained well-funded at 17.6% of state-funded expenditures. The Government Finance Officers Association recommends a general fund balance of one to two months of state expenditures, and Indiana\u2019s reserve amount equates to 63 days, which serves as a tangible safeguard against unforeseen crises.<\/p>\n

“In today’s economic landscape, fiscal health isn’t just about static numbers on a spreadsheet \u2014 it’s about operational agility. Indiana’s proactive planning and fiscal discipline ensure our state remains nimble while delivering exceptional, uninterrupted service to Hoosiers. Because we have done the hard work, Indiana is open for business, prepared for what’s next, and will continue to deliver the highest possible value to our taxpayers,” said Secretary Hershman.<\/p>\n

While state reserves increased, Indiana received $2 billion\u201410%\u2014less in federal funds in fiscal year 2026 from the prior year, which could signal a trend as the federal government deals with the mounting pressure of nearly $2 trillion in annual deficit spending and $39 trillion of debt. Given this vulnerability at the national level, it is notable that reserve dollars, designed to protect the State against uncertainty and uphold long\u2011term commitments, are currently measured for health by their percentage of state expenditures and do not take into account federally funded expenditures, which make up 42% of the State\u2019s budget.<\/p>\n

Indiana\u2019s fiscal year-end reserves are as follows:<\/p>\n