Indiana Senate Republicans have proposed a $31.5 billion, two-year budget. The spending plan increases higher education funding by more than $200 million and sets aside about $20 million for Governor Mike Pence's Regional Cities Initiative. The authors say the budget would leave the state with more than $1.8 billion in reserves after two years.

The proposal also calls on a change in the school funding formula that would broaden the scope of children that schools receive more money for based on economic status.

The budget proposes $200 million for each of the two years to fund Major Moves efforts, such as the I-69 project stretching from Indianapolis to Martinsville.

You can see the budget proposal by clicking here.

You can see the proposed school funding formula simulation by clicking here.

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