Indiana Governor Mike Braun recently signed Indiana Senate Bill 1. This bill, while mostly affecting Indianapolis-area property taxes and their distribution, affects the entire Hoosier state. By signing this bill, Indiana homeowners would save $1.2 billion over the next 3 years.

However, as all of this money gets distributed back to the people, less money goes to the government. As the government makes budget cuts, $744 million typically budgeted towards Indiana public schools will be removed. This can completely alter Indiana public schools’ ability to fund certain government-funded programs, especially the wealthier school districts who receive huge amounts of funding from local property taxes.

“This is historic property tax relief,” Braun said in a statement. “Senate Bill 1 cuts property taxes for most Hoosier homeowners, farmers, and businesses, limits future tax hikes, and makes the tax system fairer, more transparent and easier to understand.”

While many are in support of this new legislation, there are many who are against it. Senator Andrea Hurley (D-IN) was one of the senators who opposed this bill.
“We’ve heard relief, relief, relief,” said Hunley to Indiana Capital Chronicle. “But the efforts that we have in Senate Bill 1 are complex, and I don’t feel like they go far enough, and I do think that they create winners and losers.”

As of the current moment, no one is sure what the exact future of Indiana will look like. How Indiana, especially its public schools, will change is not exactly clear at this moment. However, future years will definitely tell how this legislation will affect Indiana families and school districts.