$37 Billion State Budget Clears Legislature With Shockingly Overwhelming Support Only two members of the Indiana House voted against the new state budget, both of them Republicans. Brandon Smith/IPB News Maybe the biggest surprise of the 2021 legislative session happened on its final day when a new, $37 billion state budget passed with almost no opposition. A revenue forecast unveiled a week ago was the game changer. It projected $2 billion more for the new budget, much of it put into K-12 education that all but guarantees teacher pay raises. There’s also more than $5 billion in one-time spending, from state and federal sources – paying down debt and investing in infrastructure projects and economic recovery.