STATEHOUSE (Feb. 14, 2025) – Indiana House Republicans on Friday released their amendment to the proposed state budget for the next biennium, which protects taxpayers while funding critical priorities including education and public safety.
"House Republicans remain committed to passing a balanced budget that maintains healthy reserves while continuing to fund critical services and reduce the tax burden on Hoosiers," said State Rep. Jeff Thompson (R-Lizton), chair of the House Ways and Means Committee. "We appreciate Gov. Braun's leadership on the budget and are closely aligned on our goals to streamline government and support our growing economy. We will continue to work with our Senate counterparts and the administration to get these and other priorities across the finish line."
House Republicans have worked for over a decade to reduce Hoosiers' tax burden, cutting taxes every year and saving taxpayers over $20 billion since 2013. The proposed budget allows the state to continue cutting the income tax rate to 2.95% next year and to 2.9% in 2027.
The proposed budget would also increase K-12 education funding by $560 million, or a more than 4% increase over the biennium. The remaining income limit for the Indiana Choice Scholarship Program would be removed to expand school choice to all Hoosier families, and funding would be allocated for Career Scholarship Accounts to expand work-based learning opportunities and Education Scholarship Accounts to support students with special needs.
To enhance public safety, the proposed budget would create a public prosecution fund to provide needed financial support for county prosecutors (House Republican priority bill, HB 1006) and support the state's High-Tech Crime Unit and the Commission on Improving the Status of Children.
To support and grow Hoosier communities, the Residential Housing Infrastructure Assistance Program would receive $25 million each year over the next two years to help local governments pay for infrastructure projects for new housing (House Republican priority bill, HB 1005). Key economic development programs like the 21st Century Research and Technology Fund and Manufacturing Readiness Grants would be funded and new tax credits would be enacted to support capital investments in rural areas and upskill more Hoosier workers.
More information on House Bill 1001 is available here. Visit iga.in.gov to follow the legislative session, which must conclude by April 29.
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State Rep. Jeff Thompson (R-Lizton) represents House District 28,
which includes portions of Boone, Hendricks and Montgomery counties.
Click here to download a high-resolution photo.
