The Indiana House Ways and Means Committee will vote on Republicans’ two-year, $30 billion budget on Tuesday, the committee’s chairman, GOP Rep. Tim Brown of Crawfordsville, said Monday morning.
He presented the budget to the committee Monday. It includes K-12 education spending increases of 2 percent in its first year and 1 percent in its second year — plus an extra $250 million annually for transportation.
The budget proposal speeds up the phase-out of Indiana’s inheritance tax, eliminating it by 2018 rather than 2022. But it does not include Gov. Mike Pence’s proposal to lower Indiana’s income tax rate from 3.4 percent to 3.06 percent.