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[s06] Senate Passes State Budget, Concludes 2013 Legislative Session
Start Date: 5/1/2013Start Time: 12:00 AM
End Date: 5/1/2013End Time: 11:59 PM
Entry Description
STATEHOUSE (April 27, 2013) — State Sen. Sue Landske (R-Cedar Lake) applauded 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.

“Indiana’s biennial budget benefits our workforce by providing tax relief for every Hoosier across the state,” Landske said. “We are paying down our taxpayer-funded debt, while continuing to invest in school safety and education. Indiana is continuing to become a better place to live, work, invest and raise families.”

Highlights of the 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 

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


For a high-resolution photo of Landske, click here.
Contact Information:
Name: Evan Eikenberry
Phone: 317-232-9498
Entry Type:
Press Release
Entry Category:
  • Announcements
  • Category:
  • Government
  • Agency Name
    Senate Republican Caucus

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