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Rep. Carey Hamilton Anna Groover Rep. Carey Hamilton Anna Groover

Hamilton comments on Indiana Fiscal Policy Institute report on state budget, education funding

Yesterday, July 14, the independent Indiana Fiscal Policy Institute (IFPI) released an analysis on the state's two-year budget for fiscal year 2026-27. The analysis shows that with inflation's effect on purchasing power, this year's state budget is a 7% actual reduction in spending from the FY 2024-25 budget. Of particular importance is IFPI's analysis of education spending with inflation factored in. K-12 education support has technically increased from the FY 24-25 budget, but thanks to inflation and the budget's requirement that schools bear the cost of textbooks themselves, there is actually a $400 million real cut in K-12 support.

House Democratic Caucus Chair State Rep. Carey Hamilton (D-Indianapolis) released the following statement reacting to the report.

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