The governor signed the budget in front of students at an elementary school highlighting the largest funding increase for K–12 schools in state history.
Republicans rejected more than a dozen Democratic amendments, including proposals to alter education funding and increase money for public mass transit.
Those proposed changes included a major alteration to the school funding formula.
The man behind the House Republican budget says his caucus’ proposed budget will include more money spent on education than ever before in state history.
Pence's budget proposal to the general assembly includes education initiatives, bicentennial projects and money for community corrections.
The money will be used to add lanes to Interstate 65 just south of Indianapolis and around Lafayette.
Speaker Brian Bosma says the differences are emblematic of House and Senate leaders‘ real problem with Pence‘s proposed 10-percent tax cut.
A study from a national organization that analyzes state budgets says Indiana has the third lowest public debt per-capita, behind Nebraska and Tennessee.
State officials say they projected the shortfall because August 2012 had one fewer payroll day.
The money comes from corporate tax collections found by the state last year after a software error failed to deposit it into the state’s general fund.