Treasurer Daniel Elliott announced that participants in the Indiana Bond Bank’s Fuel Budgeting Program are expected to receive substantial payouts for the month of March, driven by recent increases in gasoline and diesel prices.
The Fuel Budgeting Program is designed to help Indiana local government entities manage fuel price volatility by establishing a financial hedge on anticipated fuel usage. As market prices rise above the established cap, participating entities receive monthly settlements to help offset increased fuel costs.
The program allows eligible entities – including cities, towns, counties, school corporations, townships, fire protection territories, and other qualified government units – to customize hedged fuel amounts based on anticipated monthly usage. Participants continue purchasing fuel through their existing vendors while benefiting from the program’s budget protections.
“Programs like the Indiana Bond Bank’s Fuel Budgeting Program are about giving local governments the tools they need to plan ahead and make smart financial decisions," said Treasurer Elliott. "By helping communities manage unpredictable fuel costs, we’re supporting more stable budgets and allowing local leaders to focus on delivering essential services.”
Payouts for March reflect recent upward trends in fuel markets, reinforcing the value of proactive budget risk protection. Participants are receiving $0.87 per gallon of gasoline hedged and $1.52 per gallon of diesel hedged. In total, $71,165.90 will be paid out to participating local units of government.
Local governments interested in learning more about the Fuel Budgeting Program are encouraged to visit the Indiana Bond Bank website at inbondbank.com or contact the IBB directly.
Gov. Pritzker announces expansion of the National Corn-to-Ethanol Research Center at SIU - Edwardsville
2026 Illinois State Fairs' attendance tops 1 million for second consecutive year
Gas prices on the rise in Indiana
Lawrence County Board to host budget hearing
INDOT announcing Lincoln Memorial Bridge closure
Lawrenceville Police active over the weekend with two arrests
Another fatal accident in Wabash County
Lawrenceville approves water system contract changes and new ordinances
Burn ban issued for Lawrence and Richland Counties
IDHS warns against disaster assistance fraud
Richland County Illinois man sentenced on federal child porn charges
Illinois taking action to assist farmers during harvest season
Lawrence County Veterans Assistance Commission discusses superintendent hiring
Applications open for Indiana's Advanced Nuclear Ready Communities Program
Knox County approves solar setback ordinance on first reading
One killed in Wabash County pedestrian accident
Grain marketing company completes Jasper County expansion
Lawrence County Memorial Hospital adds new administrative position
