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Indiana's $2.4B Shortfall: Tax Hike and Major Cuts Proposed

4/24/2025

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Summary

Story summary

Indiana lawmakers have revealed a budget plan to tackle a staggering $2.4 billion revenue shortfall. The proposal includes a $2 hike in the cigarette tax, drastic cuts to public health funding slashed from $150 million to $40 million, and a 5% reduction in higher education funding. However, K-12 education will see a modest 2% annual funding increase.

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Story summary

Indiana lawmakers have revealed a budget plan to tackle a staggering $2.4 billion revenue shortfall. The proposal includes a $2 hike in the cigarette tax, drastic cuts to public health funding slashed from $150 million to $40 million, and a 5% reduction in higher education funding. However, K-12 education will see a modest 2% annual funding increase.