Government budget and revenue in Indiana, United States: official figures
Indiana's state government took in $57.6 billion in fiscal year 2024, $8,305 per resident, 13th lowest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Indiana state government spend?
The Indiana state government spent $57.6 billion in fiscal year 2024, or $8,302 per resident, 15th lowest of 50 states (all states: $9,444). Spending was 34.1% higher than in fiscal year 2019 ($42.9 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Indiana state government have?
Indiana state government debt outstanding was $8.5 billion at the end of fiscal year 2024, $1,229 per resident, 7th lowest of 50 states (all states: $3,248). That equals 15% of one year's general revenue; in fiscal year 2019 the debt was $22.4 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Indiana get?
The federal government provided $23.6 billion to the Indiana state government in fiscal year 2024, $3,403 per resident and 41.0% of its general revenue, 9th highest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Indiana spent on?
Public welfare programmes, mainly Medicaid, accounted for $16.4 billion or 69% of Indiana's federal funds in fiscal year 2024, and education for $2.6 billion (11%).
Source: U.S. Census Bureau · saved copyWhat does the Indiana state government spend its money on?
Direct state spending on public welfare was $3,312 per resident in fiscal year 2024, 19th highest of 50 states (all states: $3,000); higher education took $1,140 per resident and highways $453.
Source: U.S. Census Bureau · saved copyHow much does Indiana give to local governments and schools?
25.6% of Indiana's state general spending in fiscal year 2024 ($14.8 billion) was paid to other governments, mostly local governments and school districts, 21st highest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Indiana collect?
Indiana collected $27.4 billion in state taxes in fiscal year 2025, $3,932 per resident, 21st lowest of 50 states (all states: $4,503). That was 3.6% more than in fiscal year 2024 ($26.5 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Indiana rely on?
The individual income tax raised $8.7 billion (31.7% of state taxes, 25th lowest share of 50 states) in fiscal year 2025. The general sales tax raised $11.2 billion (40.9%, 12th highest share of 50 states). The largest single tax was the general sales and gross receipts tax (40.9%), followed by the individual income tax (31.7%).
Source: U.S. Census Bureau · saved copyDoes Indiana have corporate, property or severance taxes?
In fiscal year 2025, in Indiana, corporate net income tax raised $893.9 million (3.3% of state taxes); state property tax raised $17.1 million; severance tax on oil, gas, coal and minerals raised $2.2 million (0.0% of state taxes).
Source: U.S. Census Bureau · saved copyHow much money does the Indiana state government hold in reserves?
The Indiana state government held $48.1 billion in cash and securities at the end of fiscal year 2024, $6,940 per resident, of which $44.7 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Indiana compares with other states
State government revenue per person (2024)
Indiana ranks 38 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 35 | Wisconsin | $8,478 |
| 36 | Nebraska | $8,473 |
| 37 | Ohio | $8,401 |
| 38 | Indiana | $8,305 |
| 39 | Arizona | $8,056 |
| 40 | Nevada | $8,039 |
| 41 | Idaho | $7,958 |
State government spending per person (2024)
Indiana ranks 36 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 33 | Oklahoma | $8,607 |
| 34 | Alabama | $8,594 |
| 35 | Arkansas | $8,482 |
| 36 | Indiana | $8,302 |
| 37 | Arizona | $8,113 |
| 38 | North Carolina | $8,097 |
| 39 | Nebraska | $8,090 |
State government debt per person (2024)
Indiana ranks 44 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 41 | Utah | $1,585 |
| 42 | Georgia | $1,254 |
| 43 | Tennessee | $1,245 |
| 44 | Indiana | $1,229 |
| 45 | North Carolina | $1,188 |
| 46 | Missouri | $1,119 |
| 47 | Arizona | $911 |
Federal funds received by the state government per person (2024)
Indiana ranks 21 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 18 | Oklahoma | $3,477 |
| 19 | Massachusetts | $3,415 |
| 20 | Pennsylvania | $3,410 |
| 21 | Indiana | $3,403 |
| 22 | California | $3,398 |
| 23 | Minnesota | $3,367 |
| 24 | Hawaii | $3,360 |
Federal funds as a share of state general revenue (2024)
Indiana ranks 9 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 6 | Missouri | 43.2% |
| 7 | Mississippi | 42.0% |
| 8 | South Dakota | 41.6% |
| 9 | Indiana | 41.0% |
| 10 | Oklahoma | 40.9% |
| 11 | West Virginia | 40.6% |
| 12 | Tennessee | 40.5% |
State tax collections per person (2025)
Indiana ranks 30 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 27 | Michigan | $4,029 |
| 28 | Utah | $3,994 |
| 29 | West Virginia | $3,936 |
| 30 | Indiana | $3,932 |
| 31 | Kentucky | $3,763 |
| 32 | Iowa | $3,743 |
| 33 | Mississippi | $3,707 |
Individual income tax as a share of state taxes (2025)
Indiana ranks 26 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 23 | Idaho | 34.9% |
| 24 | Rhode Island | 33.4% |
| 25 | Alabama | 32.8% |
| 26 | Indiana | 31.7% |
| 27 | Pennsylvania | 31.6% |
| 28 | Iowa | 31.4% |
| 29 | West Virginia | 31.0% |
General sales tax as a share of state taxes (2025)
Indiana ranks 12 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 9 | Hawaii | 44.9% |
| 10 | Ohio | 42.6% |
| 11 | Nebraska | 41.9% |
| 12 | Indiana | 40.9% |
| 13 | Arkansas | 40.9% |
| 14 | Wyoming | 38.7% |
| 15 | Iowa | 38.6% |
State spending on public welfare per person (2024)
Indiana ranks 19 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 16 | Maryland | $3,463 |
| 17 | Arizona | $3,444 |
| 18 | Ohio | $3,354 |
| 19 | Indiana | $3,312 |
| 20 | Illinois | $3,246 |
| 21 | Iowa | $3,175 |
| 22 | Pennsylvania | $3,019 |
More on Indiana: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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