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[s7] Sen. Hershman: Senate Passes State Budget, Concludes 2013 Legislative Session
Start Date: 4/27/2013Start Time: 12:00 AM
End Date: 4/27/2013End Time: 11:59 PM
Entry Description

Sen. Hershman, Rep. Truitt’s School Performance Funding Included

STATEHOUSE (April 27, 2013) — State Sen. Brandt Hershman (R-Buck Creek) lauded today’s passage of a new state budget that provides hundreds of millions of dollars in tax relief to Hoosier families. The two-year fiscal plan includes a 5 percent individual income tax cut phased in from 2015 to 2017 and provides increased funding for roads, child protection, K-12 and higher education. House Bill 1001 now awaits the Governor’s signature.

“This truly is a balanced, fiscally responsible budget,” Hershman said. “We prioritized spending on education, infrastructure and job creation efforts, buy beyond that, we made it a goal to pay down our taxpayer-funded debt. In all, this leaves us in an excellent position to maintain our $2 billion reserve balance and annual surpluses of more than $100 million.”

Highlights of the honestly balanced budget include:

  • Tax Relief and Job Creation:
    • Cuts individual income tax rate 5 percent (3 percent cut beginning in 2015 and another 2 percent cut beginning in 2017)
    • Eliminates state inheritance tax, retroactively effective to Jan. 1, 2013
    • Includes funding for vocational education and workforce development initiatives
  • Education:
    • Increases K-12 funding by $333 million over the biennium (2 percent increase in FY 2014 and 1 percent increase in FY 2015)
    • Increases university funding by more than $100 million per year
    • Increases student aid by $75 million over the biennium
  • Roads:
    • Increases road and infrastructure funding by $200 million per year and sets aside another $400 million over the biennium for future transportation needs
    • Child Protection:
    • Increases funding for DCS by $35 million per year
    • Provides $10 million per year for school resource officers (contained in SB 1)
  • Health Care:
    • Transfers $250 million in FY 2014 to the Medicaid Contingency and Reserve Account
    • Paying Taxpayer-Funded Debt
    • 100 percent of excess surplus in FY 2013 goes to Pension Stabilization Fund
    • Pays back $91 million in charter school loan
    • Provides $215 million cash funding for university capital projects

Included in the budget is a measure to reward Indiana’s highest performing schools with additional state funding. The funding proposal first emerged as Senate Bill 493, which Hershman authored and Rep. Randy Truitt (R-West Lafayette) sponsored.

“Across Indiana, schools are working every day to improve the lives of our Hoosier students,” Truitt said. “They deserve to be rewarded for their success and it is about time that we give them that recognition for their efforts.”

The provision allows Indiana public school corporations to qualify for state grants if ISTEP+ and high school end-of-course assessment results meet certain overall passing or growth rates. School corporations can also qualify if they achieve high graduation rates. Each qualifying school’s grant allotment would be determined according to how many students pass the assessment tests or graduate on time without a waiver.

“Some of our state’s best schools receive the least amount of state funding, keeping them from reaching their full potential,” Hershman said. “We should be encouraging these schools to continue to do well since it directly impacts how well our students perform. I’m grateful for the General Assembly’s support with this issue. By including it in the state budget, we’re showing our schools that we appreciate their efforts and will continue to support them in the future.”

The Senate is now adjourned “sine die”— which signifies the end of the 2013 Indiana General Assembly.

Contact Information:
Name: Tracy Lytwyn
Phone: 317-234-9221
Email: tlytwyn@iga.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • About Indiana
  • Agency Name
    Senate Republican Caucus

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