In light of improved revenue forecast, more money will go to public schools in Indiana.

Governor Mitch Daniels said this morning that tax receipts will likely be slightly higher than anticipated over the next two years, and that means $150 million dollars will go toward schools. About a quarter of the money will be used for all-day kindergartens, which are currently only offered in one forth of the state’s districts. Some of the money will also be used to give teachers merit raises.

The money will be paid over the next two years, when the education budget was previously set to be frozen.

Daniels says any additional tax revenue will be saved.