Here is the big story.
IF the Voucher Program did not exist AND we funded each of the 995,279 public and charter students at the inflation adjusted per student budget allocation of the 2009-10 school year, THE STATE WOULD SAVE $153 PER STUDENT AND EACH STUDENT WOULD GET $473 MORE.
All comparisons run from Jan of 2010 to Sept of 2025 unless noted.
Since 2009-10, the Indiana General Fund (i.e., monies legislators control) has grown by 69.47%. The Consumer Price Index (inflation rate) has grown by 49.58%. The state has a lot more money ($2.7B) to spend than it did in 2009-10 relative to inflation.
Unfortunately, the K-12 Tuition Support Budget has grown by only 45.93%, well behind inflation. As of September of 2025, the current budget for public, charter, and voucher-receiving schools is $234.2M behind the 2009-10 budget when inflation is taken into account.
Continue reading “2025-2026 Indiana Education and Voucher Funding Summary”