Indiana House Passes New Two Year Budget
Saturday, February 25, 2023

INDIANAPOLIS, IN - The Indiana House has passed the state’s new 2 year budget.

Healthcare, school choice funding, and income taxes are the top items on the House version of the state budget, which is set to spend around $43 billion in spending for the next two years.

The budget includes substantial investment in public health programs, such as what Governor Eric Holcomb called for in his State of the State. The House version of the Governor’s plan does not include as much funding as the governor would like.

The budget also includes $600 million to fund initiatives that will essentially make all families in Indiana eligible to receive vouchers that can be used to send their children to private schools. That number is double what was used on school vouchers before and has some state senators skeptical of the increased spending in that regard.

Additionally, the budget includes slight cuts to state income taxes. The tax rate would fall from 3.15% to 3% in 2024 and then 2.9% in 2025.

With the reduced revenue taken into account, the House budget still spends less money than the state is expected to take in over the next two years.


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