Indiana

2015 Data (Released 05/17/2016)

Financial State of Indiana

Financial State of Indianapolis

 
Indiana owes more than it owns
At -$2,400, Indiana's “Taxpayer's Burden” ranks 17th out of the 50 states
Indiana is among 40 “Sinkhole States” without enough assets to cover its debt
Elected officials have created a Taxpayer Burden, which is each taxpayer's share of state bills after its assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Indiana has only $24.2 billion of assets available to pay bills totaling $29.1 billion
To fill the $4.9 billion financial hole each Indiana taxpayer would have to send $2,400 to the state
Because of a new accounting rule, Indiana now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $1.1 billion in 2014 to $11.9 billion in 2015. However, the state is still hiding $1.6 billion of pension debt from taxpayers.
The state's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Indiana

2013 Financial State of Indiana

Other Resources

Indiana Comprehensive Annual Financial Reports

Publishing Entity: Auditor of State

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