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Current News

Indiana Budget Passed

Wednesday, June 10, 2015

According to the breakdown at Indypolitics.org, the biennial budget increases:

  • K-12 funding by $474 million over the biennium (a 2.3 percent increase in fiscal year 2016 and a 2.3 percent increase in fiscal year 2017).
  • Total university operating funds by $45 million.
  • Roads and transportation spending by $100 million.
  • Community corrections funding by $80 million.

But the budget also leaves the state with a surplus of $1.9 billion at the end of the biennium.

Pence commended legislative leaders for making this education session a success. 

“We are grateful to them and to all the men and women who spent countless hours away from their homes and families to make Indiana a better and more fiscally sound state,” he said in a press release from his office. “Their actions will strengthen Indiana. On behalf of all Hoosiers, I thank every member of the 2015 session of the Indiana General Assembly for their dedicated public service."

Along with the approval of the budget was the funding for the South Shore commuter railroad's West Lake Corridor extension. The funding includes $6 million a year for the next 30 years to pay from the extension.

According to a press release from the Northwest Indiana Regional Development Authority, the long-term goal of the project is to rebuild the region's middle class by better connecting Indiana residents to high-salary jobs in Chicago and getting them to spend their paychecks at home. The plan will also redevelop housing and businesses along the current and future rail lines to better meet the needs of commuters.

In a press release from his office, Pence said the budget would also provide the $200 million necessary for the Major Moves 2020 road project, which would expand sections of the state's four-lane interstates, and the $84 million necessary for the Regional Cities Initiative.

Indiana Budget