Indiana budget

Screenshot of Zoom call

Indiana faced a $900 million hole in its finances in the fiscal year that ended last month.

Brandon Smith / IPB News

Indiana fiscal officials expect the state to fall between $3 to 4 billion short of its current two-year state budget.

Lauren Chapman / IPB News

Indiana will not cut funding for K-12 schools, according to Gov. Eric Holcomb. At a press conference Wednesday, he said the state's budget for K-12 schools approved by lawmakers in 2019 will remain on track, despite revenue shortfalls spurred by the COVID-19 pandemic.

Brandon Smith / IPB News

Indiana didn’t collect quite as much in taxes last month as it hoped – though the state still headed into the COVID-19 crisis in a strong financial position.

Brandon Smith / IPB News

Indiana has collected more in taxes so far this new fiscal year than budget writers planned for.

Lauren Chapman / IPB News

Hoosier taxpayers won’t get an automatic state taxpayer refund in 2019 despite record-level budget reserves.

 

A change from 2013 explains why the refund wasn’t triggered.

 

General Assembly Passes Two-Year Budget

Apr 25, 2019

Hoosiers now know what the state budget will look like for the next two years. It boosts funding for education, but schools with declining enrollment will still lose money.