Indiana closed fiscal year 2025 with nearly $2.5 billion in reserves.

State Comptroller Nieshalla said Hoosiers can rest assured that the state continued to be in a solid position, despite a lower-than-expected revenue forecast.

Alongside the Office of Management and Budget and the State Budget Agency, the state enacted a 5% appropriation reduction in order to maintain stability going forward.

Indiana’s reserve totals include $676 million in the General Fund, $41 million in Medicaid Reserve, $706 million in Tuition Reserve and $1.1 billion in the Rainy Day Fund. State Budget Director Chad Ranney says the fiscal outlook remains strong heading into Fiscal Year 2026.