Skip to content
Search events. View events.
  Senate Republican Caucus Submit Events
Welcome to the IN.gov Calendar. Please use the Help button to the right for any assistance while using the Calendar.
Click for help in using calendar displays. Print the contents of the current screen.

Advanced Search (New Search)
  From:
  To:

 

 

 


Submit
Entry Details
Notify me if this event changes.Add this event to my personal calendar.Email this entry to a friend.
Go Back
[s14] 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. Dennis Kruse (R- Auburn) 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.

“As the chairman of the Senate Education Committee, I’m pleased to support our new state budget that makes the largest education investment in state history,” Kruse said. “College students will have greater access to financial aid and universities will have more funding. I’m pleased to support this budget because of its emphasis on the importance of education for a thriving Indiana.”

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, Kruse pointed out a few noteworthy education bills that passed during the 2013 legislative session:

  • SEA 465 – Indiana Works Councils
  • SB 189 – Performance Qualified Schools
  • SB 1005 – Remediation
  • SB 388 – Absenteeism; school improvement plans
  • HB 1314 – Proprietary education

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

Contact Information:
Name: Brady Hagerty
Phone: 317-232-9425
Email: bhagerty@iga.in.gov
Default
Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • About Indiana
  • Agency Name
    Senate Republican Caucus

    Calendar software powered by Active Data Calendar   
    Select item(s) to Search








    Select item(s) to Search
    Select item(s) to Search

    Select item(s) to Search