INDIANAPOLIS — Indiana Gov. Eric Holcomb signed the state’s new $32 billion, two-year budget and a bill hiking gasoline taxes by 10 cents a gallon in order to boost road funding.
Holcomb was joined by several Republican legislative leaders for Thursday afternoon’s Statehouse ceremony that comes less than a week after this year’s General Assembly session ended.
Holcomb said lawmakers went above and beyond this year by finishing the session a week early and tackling these major issues.
He said the roads funding bill was “the largest investment in the state’s infrastructure in history” and claimed it would connect Indiana to the world like never before.
The first-year Republican governor has praised the budget plan approved by the GOP-dominated Legislature. That includes funding increases of about 1.7 percent for K-12 schools each of the next two years.
The road funding plan aims to pump an average of $1.2 billion more a year into infrastructure work, with money coming from the gas tax increase and new vehicle registration fees.