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[s50] Sen. Bray: 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. Rodric Bray (R-Martinsville) 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.

“Indiana’s budget for the next two years sets aside vital dollars to make sure our roads and bridges are supporting residents, businesses and visitors to Indiana,” Bray said. “It also contains significant tax cuts for Hoosiers, including the immediate elimination of the inheritance tax which will help many farmers, small businesses owners and families in our area.”

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

• SEA 465 – Indiana Works Councils
• HB 1006 – Criminal Code Reform
• SB 177 – In-State Tuition for Veterans
• SB 202 – Court Protections for At-Risk Youth

“Today’s adjournment of the 2013 legislation session marks important victories for Hoosiers all across the state, and the positive effects of legislation passed this year will certainly be felt right here in our home communities,” Bray said. “The General Assembly took steps to better protect Indiana children, support veterans when they return home and improve our state’s job training efforts.”

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


Entry Type:
Press Release
Entry Category:
  • Announcements
  • Category:
  • Government
  • Agency Name
    Senate Republican Caucus

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