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[s44] Sen. Steele: 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. Brent Steele (R-Bedford) 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. HB 1001 now awaits the Governor’s signature.

“Today, the General Assembly passed a strong budget to support Hoosier taxpayers,” Steele said. “I’m grateful to see the tax cuts that will give Indiana families more breathing room and enable small business to grow and create more jobs. Our state continues to prove we can fund our priorities without hiking taxes or going into debt.”

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 the Department of Child Services 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, Steele pointed out a few noteworthy bills that passed during the 2013 legislative session:

• HB 1002 – Indiana Career Council
• SB 177 – In-State Tuition for Veterans
• HB 1006 – Criminal Code Reform
• HB 1016 – Problem Solving Courts

“The legislature has passed many significant bills this session, and I’m particularly proud of the work done to improve Indiana’s criminal justice system,” Steele said. “We’ve also taken steps to help more Hoosiers find meaningful employment by expanding jobs training and vocational programs across the state.”

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


Contact Information:
Name: Molly Johnson
Phone: 317-234-9133
Entry Type:
Press Release
Entry Category:
  • Announcements
  • Category:
  • Government
  • Agency Name
    Senate Republican Caucus

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