TIA Data

2019 Financial State of Indiana (Released 9/22/2020)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

Indiana owes more than it owns.
Indiana's Taxpayer Burden™ is -$1,300, and it received a "C" from TIA.
Indiana is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Indiana only has $25.7 billion of assets available to pay bills totaling $28.5 billion.
Because Indiana doesn't have enough money to pay its bills, it has a $2.9 billion financial hole. To fill it, each Indiana taxpayer would have to send $1,300 to the state.
Indiana's reported net position is overstated by $1.5 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 171 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Indiana

2017 Financial State of Indiana

2016 Financial State of Indiana

2015 Financial State of Indiana

2014 Financial State of Indiana

2013 Financial State of Indiana

2012 Financial State of Indiana

2011 Financial State of Indiana

2010 Financial State of Indiana

2009 Financial State of Indiana

City and Other Municipal Reports

Financial State of Fort Wayne

Financial State of Indianapolis

Other Resources

Indiana Comprehensive Annual Financial Reports

Publishing Entity: Auditor of State

Understanding Indiana’s largest pension system

AUGUST 26, 2021 | INDIANA PUBLIC RETIREMENT SYSTEM | by Indiana Public Retirement System

Includes “Both PERF and TRF are hybrid plans in which both the employer and member have funds at risk. … This concept has been part of the Indiana system for a generation. … TRF’s pre-1996 fund is a pay-as-you-go plan that has been in place since 1921. … Typically, in pay-as-you-go plans, no funds are set aside today to fund projected benefits years in the future. Instead, these plans are funded in the year the benefit payment is provided to the member. ”