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[s19] Sen. Holdman: 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

STATEHOUSE (April 27, 2013) — State Sen. Travis Holdman (R-Markle) 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.

“By prioritizing economic development and education, the budget sends a message that Indiana is a great place to work and raise a family,” Holdman said. “This will create a foundation our state can continue to build on for years to come.”

Highlights of the honestly balanced budget include:

  •          Tax Relief and Job Creation:

o   Cuts individual income tax rate 5 percent (3 percent cut beginning in 2015 and another 2 percent cut beginning in 2017)

o   Eliminates state inheritance tax, retroactively effective to Jan. 1, 2013

o   Includes funding for vocational education and workforce development initiatives

  •          Education:

o   Increases K-12 funding by $333 million over the biennium (2 percent increase in FY 2014 and 1 percent increase in FY 2015)

o   Increases university funding by more than $100 million per year

o   Increases student aid by $75 million over the biennium

  •          Roads:

o   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:

o   Increases funding for DCS by $35 million per year

o   Provides $10 million per year for school resource officers (contained in SB 1)

  •          Health Care:

o   Transfers $250 million in FY 2014 to the Medicaid Contingency and Reserve Account

  •          Paying Taxpayer-Funded Debt

o   100 percent of excess surplus in FY 2013 goes to Pension Stabilization Fund

o   Pays back $91 million in charter school loan

o   Provides $215 million cash funding for university capital projects

In addition to the budget, Holdman pointed out a few noteworthy bills that he authored during the 2013 legislative session:

  • Senate Bill 125 - Establishes committees and child fatality review teams to review and assist in issues related to child services.
  • Senate Bill 164 - Allows prosecuting attorneys to request that a juvenile court file a child in need of services (CHINS) petition, beginning legal action that permits the state to intervene to protect a child.
  • Senate Bill 305 - Specifies requirements that must be met by a child care provider to receive a federal Child Care and Development Fund voucher payment.
  • Senate Bill 372 - Establishes the Coaching Education Issues Study Committee to examine ways to address concussions and sudden cardiac arrest in student athletes.

“The bills I have supported this session reflect my priority to protect our most vulnerable Hoosiers,” Holdman said. “The General Assembly passed legislation to bolster child services and create the best environment possible for children to learn. With these measures, Indiana will continue to be a state that puts families first.”

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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