Gov. Mike Braun unveils bold budget proposal that puts Hoosier families first

Thursday, January 16, 2025 at 7:00 PM

Today, Governor Mike Braun’s administration presented the 2025-2027 biennial budget proposal to the State Budget Committee, outlining a vision for a leaner, more efficient government that puts Hoosier families first.

The proposed budget, delivered by Secretary of Management and Budget Lisa Hershman, builds on Governor Braun’s commitment to prioritize tax relief, public safety, and education while ensuring fiscal responsibility and efficiency.

Key Highlights Include:

K-12 Education: Universal Choice Scholarships for all families, increased funding for K-12 schools, and a 2% increase in tuition support each year.
Tax Relief: Elimination of the tip tax, phased-out tax on retirement income, and new sales tax holidays.
Public Safety: Increased funding for school safety, law enforcement, and state police salaries, along with a major investment in the Indiana National Guard.
Fiscal Integrity: Increase the FY26 rainy-day fund by $400 million, slow the growth of government expenses, put Indiana in a strong fiscal position for the future.

Governor Braun's Statement:

"This budget streamlines government operations while focusing on areas that matter most to Hoosiers—education, tax relief, and public safety. I look forward to working with the legislature to make this proposal a reality and ensure Indiana’s continued success."