public school funding

Funding for K-12 schools and initiatives makes up 47 percent of the state's new two-year spending plan. That includes a $1.487 billion increase in tuition support for schools of all types.

Indiana's property taxes are capped at assessed value rates based on property type. But if voters approve a local referendum, a property tax bill can exceed the cap and the extra taxes go to the local school district.

Budget's architect said it’s unfair for some school districts to take in thousands in per student funds from local property levies, while other schools have far less support.