by: Wes Mills, Inside INdiana Business
Posted:
Apr 21, 2021 / 07:12 PM EST
INDIANAPOLIS (Inside INdiana Business) Gov. Eric Holcomb said Tuesday that the Indiana House and Senate budget negotiators reached a deal on a $37.4 billion spending plan, which includes nearly $2 billion in new spending for education over the next two years.
Holcomb said a few more hurdles needed to be cleared before the budget is finalized; however, the basics are in place for a final vote and his signature.
“There’s a high level of confidence that we’re going to not just be on schedule, but ahead of schedule with a budget that we can all be proud of for the next two years,” the Republican governor said.
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Indiana lawmakers are in the middle of writing the state s next two-year budget. The $36
billion spending plan will help dictate what, if any, progress the state makes on one of its biggest challenges: teacher pay.
Like most states, Indiana is grappling with a teacher shortage. A recent report found that low pay and stagnating wage growth the lowest in the nation are exacerbating the problem in Indiana.
To evaluate the current state of pay for Hoosier teachers, IndyStar analyzed the collective bargaining reports for 288 school districts from the 2019-20 school year.
We found that recent investments in K-12 education have helped schools make modest gains, though many educators are warning that the latest budget proposal could erode that progress.