Indiana closed out its 2026 fiscal year on a positive note, but the chair of the Senate Committee on Appropriations is urging state leaders not to get too comfortable.
State Sen. Ryan Mishler (R-Mishawaka) issued a statement Tuesday following the 2026 fiscal closeout, acknowledging the state's strong financial position while sounding a note of caution ahead of the upcoming 2027 budget session.
"Today's closeout is a positive sign that Indiana is in a strong fiscal position," Mishler said. "I'm pleased to see we continue to build on our state reserves, especially as we begin considering future expenditure pressures that may need to be addressed in the 2027 budget."
Despite the encouraging numbers, Mishler pointed to several significant financial challenges on the horizon. Among his concerns: an over $500 million shortfall in road funding, the Department of Child Services operating over budget, and the unfunded liability of the Pre-1996 Teachers' Retirement Fund.
"Indiana's economic circumstances are evolving, and all these things make it important to remember previous years when difficult decisions needed to be made," Mishler said.
The senator said he remains optimistic about Indiana's current economic standing but pledged to keep a firm hand on the state's finances as budget deliberations approach.
"I will continue to ensure we maintain a position of strong fiscal discipline moving into the next budget session," he said.
Former Roachdale Town Marshal sentenced to probation
Indiana Farm Bureau Insurance announces 2027 summer internship program
Gov. Braun extends tax filing deadline for Hoosiers impacted by August storms
Read your FEMA letter carefully
Road closure to impact U.S. 36 in Parke and Putnam counties
South Vermillion to honor fallen mom all season
BMV branches closed for Labor Day weekend
New traffic pattern to impact State Road 63 near Newport
Riddell National Bank makes new scoreboard reality for Parke Heritage
Riverton Parke to remember fallen player
Rockville man arrested after setting fires
Governor Braun delivers another month of gas savings for Hoosier families
$120M granted to Indiana to improve healthcare access
Find a cooling center near you with Indiana 211
2026 Indiana State Fair celebrates Hoosier spirit, summer fun and memories made
State health officials and emergency healthcare providers agree to discontinue routine hospital diversion
Heat Advisory in effect through Thursday evening
USDA offers disaster assistance to Ag producers in Indiana impacted by recent flooding
First Indiana human case of West Nile found in Allen County
Legendary 'Indiana Rangers' receive Presidential Unit Citation, Sagamore of the Wabash for Vietnam War heroism
