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
