Indiana State Treasurer Daniel Elliott announced that the state earned $450.2 million in investment revenue for fiscal year 2026.
During his first term, Elliott oversaw $1.785 billion in investment revenue on General Fund dollars, far exceeding the earnings from the prior 10 years combined, according to the announcement.
"The single most important job as treasurer is to safeguard taxpayer dollars," Elliott said. "My team and I have once again exceeded expectations and can return a substantial amount of money back to our treasury."
Elliott noted that returns were achieved despite market fluctuations caused by tensions in the Middle East involving Iran and Hamas as well as the war in Ukraine.
"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."
Governor Mike Braun commended the performance in a statement. "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."
The Indiana State Treasurer's office oversees the management of more than $16 billion in public funds.