Indiana ended the fiscal year on June 30 with a $210 million budget surplus, contributing to our $2.14 billion in reserves — the second-highest reserve level in state history.
During this past fiscal year, the General Assembly successfully funded top priorities, including education and infrastructure, while living within our means. By holding the line on spending, our state’s books are balanced and taxpayers are protected in the event of a future economic downturn.
Through responsible budgeting, Hoosiers have benefited in recent years from $200 million in tax relief, more than $400 million in infrastructure investments and an increase of $383 million in education funding. Looking ahead, the new state budget provides an additional increase of $474 million for K-12 education.
Indiana State Senator Randy Head said, “Indiana’s economic outlook is positive. As your state senator, I will continue supporting policies that promote our fiscal health and encourage economic growth.”
