Indiana Gov. Eric Holcomb's administration is releasing its recommendations for the new state budget, including how much more money could go toward public schools.

Growth in corporate tax collections - the third largest source of state revenue - is expected to stall in the second year of Indiana's next budget.

The revenue forecast is a big piece of the puzzle as lawmakers and the Holcomb administration prepare to write a new, two-year state budget in the upcoming 2019 legislative session.

Lawmakers will use next week's state revenue forecast to help determine if they can fulfill that budget request - and many others.

The Indiana Department of Child Services says it needs about $300 million more per year in funding than it got in the last state budget.

Hill did not appear in person Monday to request the increase from the State Budget Committee, which is gathering input before lawmakers write a new two-year budget.

Just over halfway through the year, total tax collections for Indiana are about $40 million behind the state's budget plan.

Veterans groups call the spending bill signed into law Thursday the "most veteran-friendly budget" in state history.

The Republican-led Indiana General Assembly crafted a two-year state budget that spends about $32 billion.

Indiana schools will receive more money per student as part of the 2017-19 state budget plan. Funding was also increased for private school vouchers.