David Eggert Automatic spending cuts triggered by gridlock on a bipartisan congressional “supercommittee” could cost Ohio nearly $313 million next year, with a large chunk being pulled from funds for poor students and those with special needs. The overall reduction in federal funding for the state
Editorial Gov. John Kasich understands that Ohio’s much-anticipated oil-and-gas bonanza means that the state’s ridiculously low severance tax should be increased to cover the potential environmental and public health costs of greatly expanded drilling. But he needs a bolder plan than the one he intends to introduce to the Ohio
Joe Vardon Gov. John Kasich is likely to propose a new tax structure for Ohio’s banks that would provide relief for community banks but close loopholes for larger financial institutions, sources tell The Dispatch. Kasich also could propose legislation on Wednesday that would allow Cleveland schools to divorce tenure from
Pam Kasey Ohio Gov. John Kasich announced March 14 changes that would increase severance tax payments on oil and gas and an offsetting income tax cut of $1 billion by the latter part of the decade. For wells that are hydraulically fractured, the Republican governor proposed to tax oil and
Editorial board Gov. John Kasich wants to offer Ohioans a state income tax cut funded by a new tax on oil-and-gas “fracking” — high volume horizontal hydraulic fracturing — in the state’s Utica and Marcellus shale. That could produce from $666 million to $1 billion for the state treasury over
Joe Vardon Gov. John Kasich is likely to propose a new tax structure for Ohio’s banks that would provide relief for community banks but close loopholes for larger financial institutions, sources tell The Dispatch. Kasich also could propose legislation on Wednesday that would allow Cleveland schools to divorce tenure from
Joe Vardon and Jim Spiegel Gov. John Kasich is likely to propose a new tax structure for Ohio’s banks that would provide relief for community banks but close loopholes for larger financial institutions. Kasich also could propose legislation this week that would allow Cleveland schools to divorce tenure from staffing
Mark Niquette, Bloomberg News Oil and natural-gas drillers in Ohio would pay a severance tax as high as 4 percent to fund income-tax cuts under a plan Gov. John Kasich will unveil next week, according to an administration proposal obtained by Bloomberg News. Kasich, a Republican, will call for taxing
Sheryl Harris Several Northeast Ohioans who turned to tax services for help say they wound up losing money. One consumer said she agreed to take a $100 refund anticipation loan, sometimes known as a RAL, from a tax preparation service because she was unemployed and wanted to get her refund
Randy Tucker Ohio got a burst of positive unemployment news Friday, just as Ohioans prepare to vote in Tuesday’s presidential primary. Ohio’s unemployment rate of 7.7 percent in January is the lowest monthly rate since November 2008 and well below the national rate of 8.3 percent. “We think it is
Bob Downing Democratic state reps. Robert Hagan of Youngstown and Mike Foley of Cleveland announced legislation Tuesday that would boost an Ohio tax imposed on drilling for natural gas. Their proposal would raise Ohio’s severance tax on natural gas wells to 7 percent. The state’s effective tax rate is currently
Randy Tucker Thousands of Ohioans could see their extended unemployment benefits cut short as early as this spring as the federal government pares back the duration of benefits from an unprecedented 99 weeks. Congress last week reauthorized extended benefits through the end of the year for millions of unemployed Americans,
