Author: Phil Downs

While the overall Indiana General Fund Budget has grown faster than inflation, growth in Indiana’s budget for public school personnel has not. As of October of 2023, the current budget to pay the majority of the personnel in public, charter, and voucher-receiving schools is $232M behind the 2009-10 budget when inflation is taken into account.

All comparisons run from Jan of 2010 to Oct of 2023 unless noted.

The Consumer Price Index (inflation rate) has grown by 41.99%.

The Indiana General Fund (i.e., monies legislators control) has grown by 62.46%, much better than inflation. The state has a lot more money to spend than it did in 2009-10 relative to inflation.

The K-12 Tuition Support Budget has grown by only 38.37%, well behind inflation. The Tuition Support Budget funds nearly all personnel working in public, charter, and voucher-receiving schools.

Continue reading “2023-2024 Indiana Education and Voucher Funding Summary”

While the overall Indiana General Fund Budget has grown faster than inflation, growth in Indiana’s budget for public school personnel has not. As of October of 2022, the current budget for the majority of the personnel in public, charter, and voucher-receiving schools is $590M behind the 2009-10 budget when inflation is taken into account. The current budget, at the time it passed, significantly made up the difference on a year to year basis; however, recent spikes in inflation have eaten those gains.

Continue reading “2022-2023 Indiana Education and Voucher Funding Summary”