Indiana lawmakers discuss education budget

Indiana lawmakers are discussing how to distribute money in the next state budget for education.

It's a decision that will impact funding for nearly every Hoosier kindergarten through 12th grade.

Changes to the school funding formula will direct more money to the districts gaining students.

It will include many of the suburban districts, but the shift hits some rural and urban districts hard.

For Indianapolis schools, they'll see between $254 and $392 lost per student over two years.

"We believe these reductions are too volatile," said Dr. Lewis Ferebee, the Indianapolis Schools superintendent. "The pace of change is too fast for any corporation to either gain or lose this significant amount of funding over a short period of time."

The executive director of the Small and Rural Schools Association adds, 70% of the state's small and rural districts will lose funding in the current formula.