Gov. Eric Holcomb laid out his legislative priorities for the 2023 session.
Holcomb on mental health: 'Doesn't solve the problem to say that's somebody else's fault'
Holcomb is frontloading his budget, proposing approximately $2.5 billion in new spending in the first year of the biennial budget and an additional $500 million in the second year. The $43 billion ask is a marked increase from the previous budget, written in 2021, which was considered groundbreaking at the time when a windfall from the April revenue forecast — delivered just weeks before the budget was set to be finalized — allowed lawmakers to spend $37.4 billion over two years.
Holcomb’s budget also calls for matching increases for the state’s public colleges and universities. A 6% increase in the first year and 2% in the second year of the budget would cost $184 million over the biennium.
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