Introduction The biggest news about taxes in the new Ohio budget is what isn’t in it. There is no new round of income tax cuts, paid for in part with various tax increases. That was what Governor Kasich proposed,[1] and what the General Assembly approved in each of the previous
Ohio posted a solid job gain in June, helping reverse job losses earlier in the year. According to jobs data from a survey of employers released today by the Ohio Department of Job and Family Services, Ohio added 11,500 jobs last month, the strongest gain since last July. However, the
Committee is to evaluate exemptions, but hasn’t been named Last December, the Ohio General Assembly overwhelmingly approved a bill that for the first time set up a permanent process to review the $9 billion-plus in annual exemptions, deductions and credits in the state tax code. House Bill 9, which was
Policy Matters Ohio also lauds House for overriding veto on funds for counties, transit agencies The Ohio House of Representatives today overrode 11 of Governor John Kasich’s vetoes to the recently approved state budget bill, but the overrides did not include the freeze on Medicaid expansion that would have deprived
Tim Keen, Ohio’s budget director, predicts that Ohio will underperform the country over the next two years in all major measures that “summarize the broad economy or are key drivers for the revenue estimates for major taxes.” Testifying on June 22 before the six-member House and Senate conference committee, Keen
Instead of improving a deeply flawed budget bill passed by the Ohio House of Representatives, the Ohio Senate is moving toward approval today of a bill that deepens disinvestment in Ohio’s people and communities. The Senate would force the Medicaid director to seek approval from the federal government to impose
Robert Greenstein, founder and president of the Center on Budget and Policy Priorities, explained the deep flaws in Congressional efforts to repeal and replace the Affordable Care Act in two Cleveland speeches in mid-June. If you weren’t able to attend, you can hear, see, or read Greenstein’s talk at the
The budget proposed by the Ohio Senate majority contains cuts in everything from aid to local governments to hospitals and transit agencies. Yet it also includes a number of new tax breaks that together will cost the state, school districts and local governments tens of millions of dollars. While the
The Ohio Senate majority left major issues unsettled in its two-year state budget released today. Most importantly, it left intact a basic structure that underinvests in Ohio’s people and its communities. Key issues, such as the status of Medicaid expansion and the severity of cuts to that program, remain up
WHY ARE NEW TAX BREAKS INCLUDED IN THE BUDGET? The Ohio General Assembly is straining to balance the state budget as each month revenue falls short of projections. But rather than reversing tax cuts that are costing Ohio $3 billion a year in annual revenue or even going along with
As Ohio legislators finalize the state budget this month, they should look westward, to Kansas. There, the state legislature this week overrode a veto by Governor Sam Brownback and repealed a tax break on business income that together with other income-tax cuts has led to a budget crisis. The bipartisan
Policy Matters Ohio told the Senate Finance Committee today that the state needs more resources for education, health care and communities instead of the underinvestment in the two-year state budget approved by the House of Representatives. “We need a different approach to tax policy to make needed investments,” said Policy
