STATEHOUSE – The State of Indiana closed fiscal year 2025 with roughly $2.5 billion in state reserves, announced State Comptroller Elise Nieshalla today alongside Secretary of the Office of Management and Budget Lisa Hershman and State Budget Director Chad Ranney.

“Hoosiers can rest assured that Indiana continues to be in a solid financial position,” said Comptroller Nieshalla. “Despite a lower-than-expected revenue forecast, Governor Braun and the state legislature’s disciplined approach to forecasting, combined with making needed adjustments in spending, positioned us to close the year with a reserve of 11 percent of expenditures.”

Thanks to strong interagency collaboration with the Office of Management and Budget and the State Budget Agency, Indiana was able to proactively respond to the April revenue forecast by implementing a biennium-wide 5% appropriation reduction going forward. This strategic move preserves financial stability and protects reserve levels now and in the future, reinforcing Indiana’s strong reputation for responsible fiscal management.