State Treasurer Daniel Elliott announced that the state of Indiana earned a total of $450.2 million for fiscal year 2026.
During his first term, Elliott oversaw $1,785,253,203 in investment revenue on General Fund dollars, far exceeding the 10 years prior to his arrival in office.
“The single most important job as treasurer is to safeguard taxpayer dollars,” Elliott said. “As treasurer, I’m proud to report that my team and I have once again exceeded expectations and can return a substantial amount of money back to our treasury.”
According to a statement, Elliot noted that these returns were earned despite fluctuations in the market caused by tensions in the Middle East involving Iran and Hamas as well as the war in Ukraine which has disrupted markets.
“Every dollar we earn is one less dollar taken from Hoosiers,” Elliott said. “We have shown that with good investment policies, Indiana can be the envy of the nation.”
Gov. Mike Braun commended Elliot on this achievement, amidst his statewide affordability push.
“Indiana taxpayers expect their state government to be good stewards of every dollar, and Treasurer Elliott and his team are delivering on that responsibility,” Braun said. “Strong investment returns mean more value for Hoosiers and a stronger financial foundation for our state. Our state is always focused on responsible, conservative management of Indiana’s resources.
What does this mean for Hoosiers?
This state-wide investment revenue could possibly lead to local infrastructure and public services receiving more funds.
The Office of the Indiana Treasure of State (TOS) oversees the management of more than $16 billion. TOS upholds fiduciary responsibilities while investing and safeguarding public funds, overseeing the management of the state’s financial assets, and providing accurate and timely funding to state and local stakeholders. TOS administers a variety of financial and educational programs.
Programs such as Indiana529, TrustINdiana, ABLE Authority, and Indiana Bond Bank are among the programs employed by the TOS.
The Indiana Bond Bank provides services such as the Community Funding Resource (CFR) and the Hoosier Equipment Lease Purchase Program, so the funds provided by the influx of investment revenue could possibly be contributed to projects like these.
At the time of reporting, no statements were released detailing how the funds will be utilized.
For more information visit in.gov/tos/.
Contact Staff Writer Malik Simon at 317-762-7847.
Malik Simon is a Staff Writer for the Indianapolis Recorder Newspaper. Originally from Memphis, TN, he graduated from Mississippi Valley State University with a Bachelor of Arts in General Studies concentrating on journalism. Before joining the Recorder, he wrote for the Devil’s Gazette newspaper at MVSU and served as a freelance content and video editor. He seeks to use media to help communities flourish through literacy and factual reporting.
