INDIANAPOLIS (AP) — Governor Holcomb has proposed a modest increase in school funding for the next two years as well as restoring the funding to state universities that was cut when tax revenues plunged early in the coronavirus pandemic.
Holcomb presented his proposal to state lawmakers this week. It would increase K-12 school funding by 2% during the first year and 1% in the second year of the new budget.
State tax collections have largely stabilized since last spring and Holcomb’s top budget advisers said the proposal largely restores state agency funding and includes a 1% increase in university funding during each budget year.
