Higher property taxes, less local revenue, tax cuts that aren’t paid for *This release has been revised to include a correct description of the causes of the losses from HB 1 for schools and local governments and to correct the amount of unpaid-for annual losses to the General Revenue Fund.*
DeWine budget proposal transfers huge sum with little accountability Governor Mike DeWine’s budget proposal would transfer $2.4 billion into a fund that could be used for a vague set of economic development objectives, with no specific parameters limiting how the money could be used. “The bill has no requirements that
Zach Schiller and Michael Shields Chair Fraizer, Ranking Member Lightbody and members of the committee: My name is Zach Schiller and I am research director at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Senate Bill 302 is
Chairs Fraizer and Hackett, members of the committee, thank you for the opportunity to speak to the council today. My name is Zach Schiller and I am research director of Policy Matters Ohio, a nonprofit, nonpartisan research institute with the mission of creating a more prosperous, equitable, sustainable and inclusive
Chair Hackett, Ranking member Craig and members of the Senate Insurance Committee: My name is Zach Schiller and I am research director of Policy Matters Ohio, a nonprofit, nonpartisan research institute with mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. As stated in my earlier testimony, I
Semiconductor project lacks needed safeguards, accountability Today, the Ohio Tax Credit Authority approved a tax credit that could be worth up to $650 million for Intel Corporation’s semiconductor plants in New Albany. Policy Matters Ohio released the following statement by Research Director Zach Schiller on the action: “When policymakers decide
Tax Credit Authority should find out before approving more aid When the General Assembly approved the capital budget bill last month, it OK’d multiple new tax breaks for Intel Corp. and its planned semiconductor plants outside Columbus with only a vague idea of what the cost would be. Before it
Legislators should add measures to protect Ohioans Today, the Ohio House Finance Committee is expected to pass the state capital budget and send it on to the House, where it could be approved immediately. Policy Matters Ohio released the following statement today by Research Director Zach Schiller on the incentives
Chair Merrin, Ranking Member Sobecki and members of the House Ways & Means Committee, my name is Zach Schiller and I am research director of Policy Matters Ohio, a nonpartisan, nonprofit organization with the mission of creating a more vibrant, equitable, sustainable and inclusive Ohio. We urge you to oppose
Chair Hackett, Ranking Member Craig and members of the committee: My name is Zach Schiller and I am research director at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Senate Bill 302 is seriously flawed and needs major
Dear Mayor Bibb and Council President Griffin: As you review the city’s tax abatement program in light of the need to renew it, we would like to provide you with additional perspective. Policy Matters Ohio has followed tax policy and the use of abatements for economic development for many years.
Introduction Intel Corporation’s announcement that it would spend $20 billion to build two semiconductor plants in Ohio is good news for the state’s economy. It also represents the largest economic development deal in Ohio’s history. Ohio is the third-largest manufacturing state. The industry has supported our standard of living as
