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Indiana Financials: AAA and A+ for the State

Thursday, May 19, 2016

According to the U.S. Public Interest Research Group’s report “Following the Money 2016: How the 50 States Rate in Providing Online Access to Government,” Indiana has earned a perfect score for financial transparency in 2016. That’s up from a still-at-the-top 97 in 2015, and Indiana is one of only five states to earn this “A+” grade.

State Auditor Suzanne Crouch says the state’s transparency portal provides citizens with a robust toolbox and unprecedented access to interact with the state’s finances. “It’s no coincidence Indiana is both fiscally strong and is a leader in financial transparency,” said Crouch. “Open access to government finances is essential to a free society, as it provides citizens with the greatest opportunity to truly hold their representatives accountable by shining a light on how their hard-earned dollars are spent. This in turn creates a more efficient and responsive government.”

Meanwhile, Standard and Poor’s reaffirmed Indiana’s credit rating at AAA status, meaning that Indiana has had the highest possible rating with all three credit agencies since April 2010. According to the report from Standard and Poor’s, this rating reflects the state’s commitment to strengthening its budget.

Governor Pence identified three factors he says contributed to Indiana’s ongoing financial success in this measure:

  • Passing “honestly balanced budgets”
  • Maintaining sufficient reserves
  • Cutting taxes for working Hoosiers and employers

Standard and Poor’s

www.standardandpoors.com/en_US/web/guest/home

 

U.S. Public Interest Research Group

www.uspirg.org

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