The Senate Republican budget proposal, unveiled Thursday, differs from its House counterpart in three key ways.

House Republicans championed $1.4 billion cuts to local income taxes, generating a now-$300 maximum homestead credit in 2026.

Indianapolis Mayor Joe Hogsett would oversee a plan to review how the Indianapolis Public Schools and city charter schools manage their resources.

SEA 143 codifies that governmental entities "may not substantially burden a parent's fundamental right" to direct the upbringing, religious instruction, education or health care of a child — unless it has a compelling interest.

House lawmakers approved a bill that reintroduces previously halted work reporting requirements to Indiana's Medicaid expansion program. Senate Bill 2 also increases how often certain eligibility requirements are checked by the state.

The updated Senate Bill 1 would require local school districts to share property tax levies and voter-approved referendums with charter schools beginning in 2028.

Instead of mandating the closure of programs, the bill now levies significant fines and outlines unlawful discrimination in education, employment and licensing.

Democratic lawmakers say the House GOP property tax overhaul plan is not "ready for primetime." Republican lawmakers pushed the overhaul through committee along party lines.

The House GOP proposal creates a new property tax credit for all homestead owners: 7.5 percent, for a reduction of up to $200 on your final bill.

The plan to divide local property tax revenue between traditional school districts and charter schools is now part of the Indiana House Republican push for property tax relief.