Indiana Fiscal Statistics

StatisNostics/State Financials/Indiana
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20122022
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State Revenue Analysis (Indiana: 2012–2022)

Population: 6,537,632 → 6,754,953 (3.3% change)

Overall Revenue Trends

Total Revenue▲ 83.4%
$32,986,460,000 (2012)→$60,497,342,000 (2022)
Per Capita Revenue▲ 77.5%
$5,046 (2012)→$8,956 (2022)
Fund Balances▼ 100%
$34,200,360,000 (2012)→$0 (2022)
Revenue Volatility✓ Low
Avg. fluctuation: 6.9%

Major Tax Revenue

Property Tax▲ 150.9%
$6,336,000 (2012)→$15,898,000 (2022)
Sales Tax▲ 56.7%
$6,631,954,000 (2012)→$10,388,976,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1214.3%
$305,536,000→$4,015,632,000
Donations From Private Sources▲ 332.8%
$250,045,000→$1,082,200,000
Federal Intergovernmental Public Welfare▲ 182.3%
$5,580,526,000→$15,752,862,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 100.0%
$175,954,000→$25,000
Rents▼ 98.3%
$16,080,000→$278,000
Local Intergovernmental Public Welfare▼ 97.1%
$19,425,000→$573,000

Revenue Forecast

Projected Revenue (Next Year)▲ 10.9%
Estimated: $67,068,890,858
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Total General Sales Taxes20.1%
Federal Intergovernmental Public Welfare16.9%
Individual Income Tax14.4%
Higher Education Tuition Charges7.9%
Federal Intergovernmental Education5.6%
Federal Intergovernmental Highways3.3%
Interest Earnings2.8%
Amusement Tax2.5%
Motor Fuels Sales Tax2.5%
Unemployment - Contribution2.4%
Corporation Net Income Tax2.4%
Federal Intergovernmental Housing & Community Development2.4%
Higher Education Auxiliary Charges2.2%
Other Selective Sales Taxes2.1%
Tobacco Sales Tax1.4%
Federal Intergovernmental Other1.3%
Miscellaneous General Revenue Not Elsewhere Classified1.3%
Federal Intergovernmental Health & Hospitals0.9%
Net Lottery Revenue0.8%
Donations From Private Sources0.8%
Motor Vehicle Operators License0.7%
Public Utilities Tax0.7%
Motor Vehicle License0.7%
Insurance Premium Tax0.6%
Death & Gift Tax0.5%
Fines & Forfeits0.5%
Federal Intergovernmental Employment Security Administration0.4%
Federal Intergovernmental Other Natural Resources0.3%
Other License Tax0.2%
Federal Intergovernmental Sewerage0.1%
Alcoholic Beverage Sales Tax0.1%
Occupation & Business License Not Elsewhere Classified0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Local Intergovernmental Highways0.1%
Parks & Recreation Charges0.1%
Local Intergovernmental Public Welfare0.1%
Federal Intergovernmental Water Utilities0.1%
Federal Intergovernmental Transit Utilities0.1%
Hunting & Fishing License0.1%
Rents0.0%
All Other Not Elsewhere Classified Charges0.0%
Housing & Community Development Charges0.0%
Alcoholic Beverage License Tax0.0%
Local Intergovernmental Education0.0%
Sale of Property0.0%
Water Transportation & Terminal Charges0.0%
Amusement License Tax0.0%
Corporation License Tax0.0%
Property Tax0.0%
Workers Compensation - Other Contributions0.0%
Parimutuels Tax0.0%
Severance Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Regular Highway Charges0.0%
Royalties0.0%
Toll Highway Charges0.0%
Hospital Charges0.0%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare26.0%
Individual Income Tax19.4%
Total General Sales Taxes17.2%
Federal Intergovernmental Health & Hospitals6.6%
Higher Education Tuition Charges5.0%
Federal Intergovernmental Education3.9%
Motor Fuels Sales Tax2.7%
Corporation Net Income Tax2.5%
Other Selective Sales Taxes2.3%
Federal Intergovernmental Highways2.0%
Donations From Private Sources1.8%
Higher Education Auxiliary Charges1.2%
Miscellaneous General Revenue Not Elsewhere Classified0.9%
Amusement Tax0.9%
Federal Intergovernmental Housing & Community Development0.9%
Net Lottery Revenue0.7%
Unemployment - Contribution0.7%
Tobacco Sales Tax0.6%
Motor Vehicle License0.6%
Federal Intergovernmental Other0.6%
Interest Earnings0.5%
Motor Vehicle Operators License0.4%
Insurance Premium Tax0.4%
Public Utilities Tax0.4%
Other License Tax0.2%
Federal Intergovernmental Employment Security Administration0.2%
Fines & Forfeits0.1%
Federal Intergovernmental Other Natural Resources0.1%
Local Intergovernmental Highways0.1%
Occupation & Business License Not Elsewhere Classified0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Alcoholic Beverage Sales Tax0.1%
Parks & Recreation Charges0.1%
Federal Intergovernmental Sewerage0.1%
Alcoholic Beverage License Tax0.1%
All Other Not Elsewhere Classified Charges0.0%
Hunting & Fishing License0.0%
Water Transportation & Terminal Charges0.0%
Property Tax0.0%
Unemployment - Interest Revenue0.0%
Local Intergovernmental Education0.0%
Corporation License Tax0.0%
Amusement License Tax0.0%
Workers Compensation - Other Contributions0.0%
Housing & Community Development Charges0.0%
Sale of Property0.0%
Regular Highway Charges0.0%
Parimutuels Tax0.0%
Severance Tax0.0%
Federal Intergovernmental Air Transportation0.0%
Royalties0.0%
Local Intergovernmental Public Welfare0.0%
Rents0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Death & Gift Tax0.0%
Hospital Charges0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Key Insights

  1. 1Total revenue increased by 83.4% from 2012 to 2022, representing a significant change in the state's financial position.
  2. 2Population changed by 3.3%, while per-capita revenue changed by 77.5%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Indiana: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 206%
$10,398,790,000→$31,835,282,000
Per Capita Spending▲ 196%
$1,591→$4,713

Population Trends

Population Change▲ 3.3%
6,537,632 (2012)→6,754,953 (2022)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 63%
$196,170,000 (2012)→$320,653,000 (2022)
Fire Protection▼ 0%
$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 49%
$341,121,000 (2012)→$509,321,000 (2022)
Sewerage Operations▲ 20%
$1,391,000 (2012)→$1,676,000 (2022)

Administrative Expenses

Financial Administration▲ 53%
$260,604,000 (2012)→$398,825,000 (2022)
General Expenses▲ 243%
$343,929,000 (2012)→$1,180,764,000 (2022)

Indiana Key Insights

  1. 1Per capita expenditures grew by 196%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 243%, which may indicate classification changes, new initiatives, or reporting adjustments
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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▼ 11%
$9,374,018,000 (2012)→$8,345,607,000 (2022)
Industrial Revenue Debt▼ 100%
$12,929,216,000 (2012)→$0 (2022)
Per Capita Debt▼ 14%
$1,434 (2012)→$1,235 (2022)

Population Trends

Population Change▲ 3.3%
6,537,632 (2012)→6,754,953 (2022)

Debt Management

Most Recent Year (2022)

Issued:$1,366,328,000
Retired:$1,794,754,000
Net Change:$-428,426,000

Debt Retirement Trend

$963,650,000 → $1,794,754,000▲ 86%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward lower debt levels.