The Holcomb administration says its budget for 2017-19 will provide more money for schools, child protective services and economic development while maintaining a healthy reserve.
The Governor’s office presented the budget outline today to Indiana lawmakers.
It includes a $280 million increase for K-12 education and a $52 million increase for higher education. It also maintains a reserve of $1.8 billion.
Despite that Senate Democrat Karen Talian called the budget tepid, saying state revenues were forecasted to grow 2.9 percent in 2018 and 3.9 percent in 2019. Public education funding will only receive small increases in funding; a one-percent increase in funding in the first year of the budget and a two-percent increase in the second year.
Indy Politics spoke with Office of Management and Budget Director Micah Vincent about the Governor’s proposal. You can hear him in the Leon-Tailored audio above. It runs about nine minutes.
A full copy of the budget can be found here.
