Indiana fiscal year

Indiana began its new fiscal year largely matching expectations, as the state brought in about $17 million more in revenue in July than the budget plan projected.

Indiana government fiscal leaders say the state remains in a solid financial position as they closed the books on the last fiscal year Tuesday.

The state of Indiana will close the books on its previous state budget Tuesday.

Indiana started off its new fiscal year on a positive note, collecting two percent more revenue than its spending plan expected as it begins the second year of its budget cycle.

Indiana closed the books on its fiscal year with more than $2.5 billion dollars in reserve, the lowest amount since the pandemic.