Education

Indiana’s 2024-2025 Budget

Strengthening Our Commitment to Students and Schools

  • Invests almost $2 Billion in new dollars for K-12 education over the biennium as compared to the FY 23 appropriation levels
  • Increases the K-12 student funding formula by $1.6 Billion or a nearly 11% increase over the biennium as compared to the FY 23 appropriation level
  • Provides school choice options to more Hoosier families
    • Increases the eligibility for Choice Scholarships to 400% FRL
  • Eliminates the various pathways that students must meet to be eligible for a Choice Scholarship under current law
  • Provides $20M for charter school capital grants
  • Invests in work-based learning for students (HB 1002)
    • Funds Career Scholarship Accounts at $5,000 per participant
    • Provides $5M for intermediary capacity-building grants
  • Eliminates fees for textbooks and curricular materials
  • Continues $10M annual investment in Education Scholarship Accounts for students with special needs
  • Doubles appropriations for teaching scholarships