Gov. Mike Braun unveiled a state budget proposal Thursday that provides nearly $700 million in tax relief, inflationary funding increases for K-12 schools and enough money to eliminate child care waitlists.

Indiana lawmakers of both parties say they’re cautiously optimistic about the state’s financial situation ahead of writing a new, two-year state budget.

Indiana officials will soon close the books on the state’s 2024 fiscal year, which officially ended June 30, and the state headed into that final month on track to meet budget expectations.

The vast majority of state budget funding comes from taxes, whether state or federal. But where, exactly, does it then go? Thats a question our listeners have been asking.

Indianas current two-year state budget includes more than $44 billion in spending. But where does all that money come from? Thats a question our audience wanted to know.