2022/2023 STATE BUDGET

Budget breakdown

Budget Priorities for 2022/2023

  •  Enact a responsible, balanced state budget that does not grow government
  •  Strengthen our commitment to students and teachers
  •  Help small business and accelerate economic recovery
  •  Invest in law enforcement training facilities and programs
  •  Address critical health needs
  •  Make strategic investments in infrastructure

Budget is balanced and lives within our means

  • Conservative spending levels will provide opportunities for future tax cuts and reforms
  • Budget maintains healthy reserves in both years of the biennium –  Healthy reserves protect taxpayers, guard against future recessions, and ensure that Indiana maintains a triple-A credit rating
  • Reduces taxpayer funded debt by over one billion dollars 

 ▫ Deposits $600M into the Pre-1996 Teachers Retirement Fund

▫ Pays off  $110M of state building debt and $192M of highway debt

▫ Cash funds the present value ($231M) of the state’s longterm financial obligation for the South Shore Westlake and double tracking projects

▫ Reimburses the Next Level Connections Fund for the $205M appropriation made to NICTD for the South Shore projects

  • Earmarks $500M of federal stimulus dollars for deposit into the Unemployment Insurance Trust Fund

To Learn more about budget dollars click on the links below

EDUCATION 

SMALL BUSINESS AND ECONOMIC DEVELOPMENT

MENTAL HEALTH 

HEALTHCARE 

 

school budget

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