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Final Senate Budget Unlikely To Include More Local Government Money

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The final version of the Ohio Senate’s budget is expected Wednesday. While there will certainly be some proposals added in, some things are unlikely to change – such as the money that goes to a fund that’s been decimated over the last eight years. The initial Senate budget cuts taxes by $700 million over two… Read More

Senate Budget Keeps Tax Credits While Cutting Income Taxes

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Ohio Senate Republicans made sweeping changes to the House version of the state budget, including larger tax cuts and restored tax breaks. The Senate budget revives the small business income tax deduction on the first $250,000 earned. The House lowered that to the first $100,000. It also brings back the film tax credit and diverts $125 million from school wraparound services to school choice vouchers. When rolling out his budget… Read More

Budget Director Revising Forecasts – Predicting Larger State Surplus

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Total state tax collections were up 20 percent over estimates for April and 3.1 percent for May. That’s leading the state budget director to revise her projections for a budget surplus for the close of the fiscal year at the end of this month. In March, Gov. Mike DeWine’s budget director Kimberly Murnieks turned out to be a… Read More

The Ohio Statehouse

Business Groups Blast Change In House Budget As Tax Increase

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Business groups are blasting the House version of the budget for a change it makes to a controversial tax deduction – the one that allows many small businesses to take the first quarter million dollars of their income tax free. The change would drop that income threshold to $100,000. Tony Long at the Ohio Chamber… Read More

Senate President Larry Obhof (R-Medina, left) stands alongside Gov. Mike DeWine during DeWine's first State of the State speech in March.

Speaker Says Republicans Still Want To Squeeze Income Tax Cut In Tight Budget

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State lawmakers have been advised by their economic researchers to cut the spending in Gov. Mike DeWine’s budget. And they may try to add something into the House version of the budget set to be released on Wednesday that DeWine deliberately left out. There have been tax cuts in nearly every state budget since 2005. And… Read More

Nearly $20 Billion In Tax Credits In DeWine’s Budget Likely To Stay

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There aren’t any tax cuts in Gov. Mike DeWine’s first budget. Lawmakers may change that when they introduce their version of it soon. But they probably won’t change the $19.2 billion in tax credits and loopholes in it. Wendy Patton with the left-leaning Policy Matters Ohio said tax credits and exemptions have grown nearly 18 percent over the… Read More

Gov. Mike DeWine

DeWine Confident In Economic Forecasts Behind His Budget

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Gov. Mike DeWine is standing behind the numbers used to create his budget, as Republican House Speaker Larry Householder suggests he’s leaning toward more conservative numbers from the legislature’s economic analysts. Researchers for the Legislative Budget Office or LBO say they think the state will have half a billion dollars less in tax revenue for… Read More

Lawmakers Get Two Sets Of Forecasts To Start Budget Process

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On the first day of hearings on Gov. Mike DeWine’s $69 billion operating budget, lawmakers are hearing about two sets of economic forecasts. And they’ll have to decide which estimates they’ll go with. “Conservative” is the word heard over and over when it comes to this budget. Some Republican and Democratic lawmakers have questioned how DeWine… Read More