Indiana governor suggests another boost for teacher pay

INDIANAPOLIS (AP) — Indiana Gov. Eric Holcomb is looking to dip slightly into the state's reserves for more money toward a goal of boosting teacher pay.

Holcomb used his State of the State speech Tuesday evening to announce plans to seek $140 million in the new two-year state budget to pay off teacher pension obligations owed by school districts. The Republican governor said 100 percent of that money should go toward teacher pay raises.

"Just like paying off your mortgage frees up money in your personal budget, this state investment will save all local schools $140 million over the biennium with continued savings thereafter," Holcomb said in remarks released in advance of the speech.