Indiana Fiscal Statistics

StatisNostics/State Financials/Indiana

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20122024

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State Revenue Analysis (Indiana: 2012–2024)

Population: 6,537,632 → 6,833,037 (4.5% change)

Overall Revenue Trends

Total Revenue▲ 75.8%

$32,986,460,000 (2012)→$57,981,681,000 (2024)

Per Capita Revenue▲ 68.2%

$5,046 (2012)→$8,485 (2024)

Fund Balances▼ 100%

$34,200,360,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.7%

Major Tax Revenue

Property Tax▲ 141.2%

$6,336,000 (2012)→$15,285,000 (2024)

Sales Tax▲ 65.3%

$6,631,954,000 (2012)→$10,959,429,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

All Other Not Elsewhere Classified Charges▲ 1238.9%

$15,251,000→$204,199,000

Federal Intergovernmental Health & Hospitals▲ 479.4%

$305,536,000→$1,770,269,000

Hospital Charges▲ 405.7%

$35,000→$177,000

Declining/Slowest Growing Sources

Local Intergovernmental Public Welfare▼ 98.4%

$19,425,000→$312,000

Rents▼ 98.1%

$16,080,000→$305,000

Public Utilities Tax▼ 90.9%

$224,659,000→$20,470,000

Revenue Forecast

Projected Revenue (Next Year)▼ 2%

Estimated: $56,842,845,078

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare28.2%

Total General Sales Taxes18.9%

Individual Income Tax14.0%

Higher Education Tuition Charges5.6%

Federal Intergovernmental Education4.5%

Other Selective Sales Taxes3.7%

Federal Intergovernmental Health & Hospitals3.1%

Motor Fuels Sales Tax3.0%

Federal Intergovernmental Highways2.4%

Interest Earnings2.0%

Corporation Net Income Tax1.7%

Higher Education Auxiliary Charges1.4%

Federal Intergovernmental Housing & Community Development1.3%

Donations From Private Sources1.2%

Motor Vehicle License1.1%

Amusement Tax1.1%

Miscellaneous General Revenue Not Elsewhere Classified1.0%

Net Lottery Revenue0.8%

Federal Intergovernmental Other0.7%

Unemployment - Contribution0.7%

Tobacco Sales Tax0.6%

Motor Vehicle Operators License0.5%

Insurance Premium Tax0.5%

All Other Not Elsewhere Classified Charges0.4%

Local Intergovernmental Highways0.3%

Occupation & Business License Not Elsewhere Classified0.2%

Federal Intergovernmental Other Natural Resources0.2%

Federal Intergovernmental Employment Security Administration0.2%

Federal Intergovernmental Sewerage0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Other License Tax0.1%

Fines & Forfeits0.1%

Alcoholic Beverage Sales Tax0.1%

Parks & Recreation Charges0.1%

Unemployment - Interest Revenue0.1%

Hunting & Fishing License0.0%

Water Transportation & Terminal Charges0.0%

Public Utilities Tax0.0%

Alcoholic Beverage License Tax0.0%

Amusement License Tax0.0%

Property Tax0.0%

Corporation License Tax0.0%

Local Intergovernmental Education0.0%

Workers Compensation - Other Contributions0.0%

Housing & Community Development Charges0.0%

Sale of Property0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Regular Highway Charges0.0%

Severance Tax0.0%

Royalties0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Public Welfare0.0%

Rents0.0%

Hospital Charges0.0%

Local Intergovernmental Other0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Key Insights

1Total revenue increased by 75.8% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 4.5%, while per-capita revenue changed by 68.2%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Indiana: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 261%

$10,398,790,000→$37,490,178,000

Per Capita Spending▲ 245%

$1,591→$5,487

Population Trends

Population Change▲ 4.5%

6,537,632 (2012)→6,833,037 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 113%

$196,170,000 (2012)→$417,244,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 76%

$341,121,000 (2012)→$599,073,000 (2024)

Sewerage Operations▲ 53%

$1,391,000 (2012)→$2,135,000 (2024)

Administrative Expenses

Financial Administration▲ 69%

$260,604,000 (2012)→$439,731,000 (2024)

General Expenses▲ 353%

$343,929,000 (2012)→$1,557,485,000 (2024)

Indiana Key Insights

1Police protection spending increased by 113%, significantly outpacing population growth of 4.5%
2Per capita expenditures grew by 245%, indicating substantial service expansion or cost increases not explained by population growth alone
3General expenses increased dramatically by 353%, which may indicate classification changes, new initiatives, or reporting adjustments
4Police Protection was the fastest growing major expense category at 113% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▼ 9%

$9,374,018,000 (2012)→$8,487,702,000 (2024)

Industrial Revenue Debt▼ 100%

$12,929,216,000 (2012)→$0 (2024)

Per Capita Debt▼ 13%

$1,434 (2012)→$1,242 (2024)

Population Trends

Population Change▲ 4.5%

6,537,632 (2012)→6,833,037 (2024)

Debt Management

Most Recent Year (2024)

Issued:$1,351,697,000

Retired:$1,033,597,000

Net Change:+$318,100,000

Debt Retirement Trend

$963,650,000 → $1,033,597,000▲ 7%