Bond Bank closes fiscal year with record growth & expanded support for local communities
Submitted by Office of Treasurer Daniel Elliott
The Indiana Bond Bank (IBB) announced on Thursday significant accomplishments for Fiscal Year 2025, reflecting record growth and strategic enhancements to its programs supporting Indiana’s cities, towns, schools, libraries and other local units of government.
Over the past year, the Bond Bank delivered more than $354 million in financing through five key programs, enabling critical infrastructure, public safety and capital projects across the state. These efforts represent a 37 percent increase in the number of communities served compared to FY 2024.
“This year’s accomplishments are a testament to the dedication and talent of the Indiana Bond Bank team,” IBB Executive Director Jacob Blasdel said. “I’m proud of the ways we’ve continued to adjust and strengthen our programs to meet the evolving needs of Indiana’s local units of government. It’s an honor to play a small role in helping communities across the state move forward.”
Elliott
“Every dollar the Indiana Bond Bank helps finance is a down payment on a stronger Indiana,” said Indiana State Treasurer Daniel Elliott, who serves as Chair of the Bond Bank Board. “From safe drinking water to new police stations and public parks, these projects reflect what happens when government works together to meet local needs. I’m proud of the leadership and innovation the Bond Bank continues to deliver on behalf of Hoosier communities.”
A legacy of service
Since its creation by the Indiana General Assembly in 1984, IBB has delivered 41 years of financial support and trusted service to local governments. This year’s growth and innovation reflect the agency’s continued commitment to building stronger Indiana communities.