Ohio Gov. John Kasich proposes changes to oil, gas severance tax
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 natural gas liquids at 1.5 […]
Tap the revenue in Ohio’s rocks: editorial
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 the next five years and would help […]
Kasich to pitch policy reform
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 staffing decisions
Kasich eyes bank tax loopholes
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 decisions
Kasich plan would raise Ohio drilling tax as much as 4 percent
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 oil extracted by horizontal drilling […]
Tax preparation tips trip up consumers
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 faster. The preparer refused to […]
Jobless decline could set tone for presidential race
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 a sign that Ohio’s job […]
Lawmakers seek hike in Ohio’s severance tax on drilling
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 less than one-half of 1 […]
100,000 jobless facing unemployment benefit changes
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, including about 100,000 in Ohio. […]
Mortgage deal small step in refinancing: Mortgage servicers agree to reimburse after fraudulent foreclosures
Randy Tucker Ohio’s participation in a roughly $25 billion government settlement agreement over alleged mortgage fraud has garnered a mix of skepticism and applause in a state still battling widespread foreclosures. The settlement between state and federal regulators and the nation’s five biggest mortgage servicers would put cash in the pockets of victims of improper […]
Oppose Senate Bill 251, an act that would expand the “inherently problematic” business model of debt adjustment in Ohio
Download presentation Presented by Bill Faith, executive director of COHHIO, to the Ohio CASH CoalitionAs a diverse coalition of Ohio-based leaders and community organizations, we urge you to reject Senate Bill 251. This legislation that would increase the fees debt adjusters can charge in the state of Ohio and unnecessarily expose more Ohioans to industry […]
Consumer Financial Protection Bureau looks at overdraft fees
Jenn Strathman click through for video Have you been hit by a costly overdraft fee? The government’s new consumer watchdog is looking into the fees charged by banks, and proposing a change to your checking account statement. Shoppers are eager to swipe sometimes without knowing how much is in their bank account. The penalty for […]