The $200 million is part of a fund the legislature set up in 2013.
The governor says finding public-private partnerships to finish the road will rank above most other priorities for INDOT.
Both budget proposals increase school funding by three-percent over the next two years, and accelerate the planned phaseout of the inheritance tax.
New funds, where the money comes from and how much are the issues in dispute as the state's budget moves forward.
The budget contains increased K-12 education funding, permanent infrastructure funding, and pays down some of the state’s debt.