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Money for Schools

September 17, 2019
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Spending on K-12 education is by far the largest piece of Indiana government. Appropriations for schools make up half of the state’s general fund budget. School budgets are 55 percent of all local government budgets. Total local school appropriations are $11 billion in 2019. About $7 billion of this comes from state support, and $3 billion comes from property taxes.

As any parent knows, kids are expensive!

The state has some pretty strict rules about school revenues and spending. School boards and superintendents cannot simply raise taxes to solve their budget problems. They don’t have that much discretion about how much money can be raised.

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