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