INDIANAPOLIS – State Auditor Tera Klutz, CPA announced Friday that Indiana closed the 2022 fiscal year with $6.1 billion in state reserves.
The state of Indiana collected $1.24 billion more than last forecasted which contributed to the unprecedented amount in reserves, according to a news release. Gov. Eric Holcomb has called a special legislative session to return $1 billion from the reserves to Hoosier taxpayers in addition to the automatic taxpayer refund Hoosiers started receiving due to last year’s record reserve.
The 2021-2022 Fiscal Year Close-Out Statement, ending on June 30, 2022, is prepared by the State Budget Agency.
