Some officers are now carrying up to three doses of naloxone.
According to the CDC report, the national drug-related death rate has increased more than two and a half times since 1999.
Hogsett kicked off a naloxone training class Thursday in Marion County for homeless outreach providers.
The proposal is a response to the state's growing heroin epidemic.
Muncie health officials administered 21 doses of the overdose antidote Narcan over the first five days of the month.
Supporters say the emergency medications would be useful to a general population who may have a life-threatening emergency while at schools.
Last spring, four Bartholomew Consolidated School Corporation schools received doses of the overdose intervention drug naloxone.
Community members gathered on the steps outside of the Monroe County Courthouse Wednesday evening to remember those that have passed away from drug overdoses.
The funds will increase education and training in the overdose-intervention drug naloxone for first responders and lay providers.
Officials are attributing a recent string of overdoses throughout Indiana, Cincinnati, and Kentucky to a powerful opioid 50 to 100 times stronger than heroin.