Indiana

TIA Data

2016 Financial State of Indiana (Released 4/17/2017)

2015 Financial State of Indianapolis (Released 1/11/2017)

 
Indiana owes more than it owns and ranks the 15th out of the 50 states.
Indiana's Taxpayer Burden™ is -$2,700, and received a "C" from TIA.
Indiana is a Sinkhole State 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 available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Indiana only has $24.5 billion of assets available to pay bills totaling $30.1 billion.
Because Indiana doesn't have enough money to pay its bills, it has a $5.6 billion financial hole. To fill it, each Indiana taxpayer would have to send $2,700 to the state.
Because of an accounting rule implemented last year, Indiana has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $11.9 billion in 2015 to $13.4 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Indiana's total hidden debt amounts to $995.7 million. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 174 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Indiana

2014 Financial State of Indiana

2013 Financial State of Indiana

Other Resources

Indiana Comprehensive Annual Financial Reports

Publishing Entity: Auditor of State

IN THE NEWS
This state used stolen funds to pay law enforcement

MARCH 8, 2017 | FEE (FOUNDATION FOR ECONOMIC EDUCATION)

By Brittany Hunter, includes "There is a very clear reason as to why law enforcement has so diligently defended the routine use of civil asset forfeiture: it's extremely profitable.

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