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Ohio House Approves $69 Billion Spending Plan
By: Associated Press
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COLUMBUS (AP) — The Ohio Senate will soon consider the two-year state budget following House approval of the spending plan that includes a healthy reduction in the state income tax cut.
The GOP-controlled House voted in favor of the $69 billion budget Thursday following its approval by the House Finance Committee a day earlier.
The House plan eliminates personal income taxes for those earning less than $22,500 and enacts a 6.6% cut for everyone else. Over the objection of some business groups, the plan also lowers a business income deduction from the first $250,000 in income to the first $100,000.
The proposal increases the minimum salary for Ohio teachers from $20,000 to $30,000 annually, and adds $125 million to Gov. Mike DeWine’s education proposal.