Office of Management and Budget

Office of Management and Budget Director Micah Vincent says Hoosiers should be happy the state doesn't rely on corporate taxes as that revenue source continues to decline. (Brandon Smith/IPB News)
Brandon Smith

Indiana closed the books on its 2018 fiscal year to mark the third consecutive year the state collected less in corporate taxes.

The state collected $318 million less from corporations this year than last year.

Indiana House GOP

Statehouse Democrats say the budget proposal Governor Mike Pence unveiled Thursday doesn’t tell a true story when it comes to increasing education funding, with some lawmakers saying Pence is using “fuzzy math.”

Brandon Smith / http://www.ipbs.org/

Governor Mike Pence says he wants the 2015 meeting of the General Assembly to be an “education session.” 

Governor Pence’s proposed budget contains a $200-million increase in K-12 school funding over the next two years.  That includes about $41-million more specifically set aside for charter schools.  Office of Management and Budget Director Chris Atkins says that money would be used to increase per pupil funding by $1,500 and would reduce inequity between funding of charters and traditional public schools.