![wpid-budget-jpg-3](https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/268/2015/05/07120924/wpid-Budget.jpg)
Gov. Mike Pence plans on signing the new state budget plan during a ceremony at a central Indiana elementary school.
The new two-year state spending plan was approved by the General Assembly last week. Slightly more than half of the $31 billion budgetgoes toward K-12 education, with funding going up 2.3 percent each year.
Pence is scheduled to sign the budget this afternoon at Perry-Worth Elementary School in Lebanon.
A key push by Republicans in the spending plan was to shift money from many shrinking urban and rural school districts to those in growing suburban communities.
Democrats calculate about a third of Indiana’s nearly 300 school districts will see funding cuts under the changes and predict hundreds of teacher layoffs around the state.