Indiana’s budget increased cumulatively more than the maximum rate of population growth plus inflation in state funds and all funds from 2016-25, meaning taxes are higher than the average taxpayer can afford.

  • The 2025 state funds budget is $462 million higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent $28.6 billion too much.
  • The 2025 all funds budget is $6.2 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent $67.1 billion too much.

State Funds Budget Data

  • Estimated FY 2026 Only State Funds Budget ($ Billions): $ 26.11
  • FY 2027 Only State Funds Budget Limit ($ Billions): $ 27.05
  • FY 2027 Only State Funds Budget Limit Growth (%): 3.62%
  • Cost per person of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 5,882
  • Cost per family of 4 of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 66
  • Cumulative cost per person of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ 4,097
  • Cumulative cost per family of 4 of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ 16,388

All Funds Budget Data

  • Estimated FY 2026 All Funds Budget ($ Billions): $ 48.69
  • FY 2027 All Funds Budget Limit ($ Billions): $ 50.45
  • FY 2027 All Funds Budget Limit Growth (%): 3.6%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 9,702
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 890
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 9,617
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 38,466

Other Economic and Fiscal Considerations