FOX 59: Fiscal report shows Indiana in a ‘better position’ than anticipated amid dismal economic outlook
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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 our financial footing is stable despite a year marked by fluctuations and a lower-than-expected economic forecast,” State Comptroller Nieshalla said.
“We maintain enough cash on hand, enough money in the reserves, to continue at the state level providing the services that Hoosiers need and frankly expect,” Ranney said.