In this Education Policy Brief, Indiana University's Center for Evaluation and Education Policy and Indiana Institute on Disability and Community tackle major policy questions regarding publicly-funded prekindergarten programs: Why should Indiana invest in prekindergarten? Who should be served? What should prekindergarten look like in Indiana? And how much will it cost? Answering these questions may help policymakers to explore the feasibility of prekindergarten as a strategy that complements efforts underway to implement full-day kindergarten programs statewide and maximize the opportunity for critical cognitive development and school preparedness for Hoosier children. The Brief is divided into the following sections: (1) Why Should Indiana Implement Prekindergarten Programs?; (2) Which Children Should Be Served through Prekindergarten?; (3) How Should Prekindergarten Be Designed?; (4) What Is the State's Role in a Publicly-Funded Prekindergarten Program?; (5) How Much Will It Cost Indiana to Achieve the Desired School Readiness Outcomes for Young Children?; (6) Policy Perspective--Indiana State Representative, Luke Messer; (7) Policy Perspective--Director of NIEER, W. Steven Barnett; and (8) Recommendations. (Contains 4 tables, 2 figures, and a list of web resources.) [This policy brief was produced by the Center for Evaluation and Education Policy, Indiana State University School of Education; and Indiana Institute on Disability and Community.]