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Study: Indiana Maintains Healthy Fiscal Balance For Years

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Photo: 401(K) 2012 (Flickr)

Indiana ranked 23rd in the country for overall fiscal balance from fiscal year 2002 to fiscal 2015.

National researchers examined state finances across the country to see whether states really balanced their books, after all the dust of the fiscal year had settled. The resulting study shows Indiana has maintained an honestly healthy fiscal balance for years, including during the 2008 recession.

The project, from The Pew Charitable Trusts, looks at state fiscal balance. It’s an intentionally broad comparison between the amount of money states made – mostly through taxes and federal grants – and the amount they spent.

Indiana experienced a tumultuous few years surrounding the 2008 recession, but outside of 2010, the state has maintained an overall surplus ever since.

Project researcher Matt McKillop says they wanted to look beyond state’s budgets, to provide a fuller picture of states’ financial activities.

“It really provides a fresh perspective to policymakers on the fiscal condition of the state,” McKillop says.

McKillop studied data on all 50 states from fiscal year 2002 to fiscal 2015. Indiana ranks 23rd in the country for overall fiscal balance over that time.

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  • lastcamp2

    Is this fiscal balance truly “healthy” for all of us, or just the few? With vast numbers of people in need and struggling to maintain a meager existence, how wise is this doctrine of austerity for the many and wealth for the elite?

  • Bob Eckert

    You said it! The rich get theirs and we get nothing. Bastard Republithugs.

  • lastcamp2

    That’s the way it works in an oligarchy.

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