Lawmakers approved two substantial tax measures during Monday's one-day special session.

Lawmakers approved a hotly debated school financial management bill during the special session Monday.

The new money is possible through legislation approved during Monday's one-day special session of the General Assembly.

The school takeover bill is largely about intensifying state takeover of the distressed Gary and Muncie schools. But it also creates new "fiscal indicators" for every school system.

The regular session's school safety bill focused on human trafficking and cyberbullying at first, but after the Parkland, Florida, shooting, lawmakers added more school safety language into the bill that ultimately didn't pass.

Recent changes in federal law mean states can make 529 savings accounts - used to help pay for college - available to help pay for K-12 private school tuition as well.

The testimony was solely about a Gary-Muncie school takeover bill, the most controversial measure lawmakers will hear next week.

Four of the bills are measures lawmakers couldn't pass in time before the end of session last month.

The school financials bill has ramifications for all schools in Indiana. But for Muncie, it will mean approving a state university to run a local school district for the first time in the state's history.

Indiana lawmakers will aim to complete the work in one day. They will consider five bills in their May 14 special session - without public testimony or amendments.