Indiana’s state budget reserves jump 60% in past year to $4B

Indiana’s state government cash reserves grew by $1.5 billion over the past year as tax collections grew much faster than expected.

By: Tom Davies

Outlets: Indiana Capital Chronicle

Published: July 15, 2026

Words: 715

Last Updated: 6 days, 10 hours ago

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Indiana’s state government cash reserves grew by $1.5 billion over the past year as tax collections increased much faster than expected.

Rising revenue combined with an ongoing clampdown on state spending led to a 60% jump in the reserves to just shy of $4 billion as of June 30, according to the 2025 fiscal year report released Wednesday.

Republican Gov. Mike Braun touted Indiana’s balance sheet as providing budget “flexibility” that most other states …

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