All comparisons run from Jan of 2010 to Oct of 2024 unless noted.
Since 2009-10, the Indiana General Fund (i.e., monies legislators control) has grown by 66.17%. The Consumer Price Index (inflation rate) has grown by 45.68%. The state has a lot more money ($2.8B) to spend than it did in 2009-10 relative to inflation.
Unfortunately, the K-12 Tuition Support Budget has grown by only 41.46%, well behind inflation. As of October of 2024, the current budget for public, charter, and voucher-receiving schools is $271.3M behind the 2009-10 budget when inflation is taken into account.
Continue reading “2024-2025 Indiana Education and Voucher Funding Summary”