Indiana

TIA Data

2017 Financial State of Indiana (Released 9/25/2018)

 
Indiana owes more than it owns.
Indiana has a -$2,700 Taxpayer Burden.™
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 $23 billion of assets available to pay bills totaling $28.8 billion.
Because Indiana doesn't have enough money to pay its bills, it has a $5.7 billion financial hole. To fill it, each Indiana taxpayer would have to send $2,700 to the state.
Indiana's reported net position is inflated by $2 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state is still hiding $727.9 million of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require states to report this debt on the balance sheet.
The state's financial report was released 172 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Indiana

2015 Financial State of Indiana

2014 Financial State of Indiana

2013 Financial State of Indiana

2012 Financial State of Indiana

2011 Financial State of Indiana

2010 Financial State of Indiana

2009 Financial State of Indiana

City and Other Municipal Reports

Financial State of Fort Wayne

Financial State of Indianapolis

Other Resources

Indiana Comprehensive Annual Financial Reports

Publishing Entity: Auditor of State

IN THE NEWS
Gary council agrees to borrow $8 million to keep government afloat

FEBRUARY 22, 2019 | NORTHWEST INDIANA TIMES | by Lauren Cross

“The City Council has approved borrowing about $8 million to cover the cash-strapped city’s day-to-day operations and other expenses until Mayor Karen Freeman-Wilson’s halted plan to sell and lease back the city’s Public Safety Building can be finalized. The cash will help pay the city’s police and fire pension obligations, payroll and health insurance costs.”

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