Gov. Eric Holcomb signs new budget, road funding plan into law

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 Sen. David Long and House Speaker Brian Bosma as he talked about the importance of the bills and signed them during a ceremony at the Statehouse on Thursday afternoon.

The ceremony comes less than a week after this year’s General Assembly session ended.

The first-year Republican governor praised the lawmakers for all they accomplished this session and for finishing a week ahead of schedule.

He’s openly talked about his approval of budget plan 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.

The Associated Press contributed to this report.