Could Indiana spend its $3B from feds on a one-time, impactful investment? FREE NEWSLETTERS The state of Indiana has an estimated $3 billion in federal funding coming its way, with few restrictions on how to spend it. It’s a one-time disbursement, so the state will likely use it for projects that don’t require ongoing funding. Officials aren’t saying how the dollars might be deployed, but IBJ decided to consider what if—what if the state did something big and bold with this money? What if leaders threw the whole shebang at one transformational project—maybe an initiative that’s sat on the back burner for decades because the expense is overwhelming?