Ohio Budget


The House on April 21 passed its version of Ohio's biennial budget, wrapping in the school funding plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets. The Ohio Senate has already begun its own hearings on the legislation.

The budget – House Bill 110 – also appropriates $155 million in COVID-19 relief for small businesses and adds more oversight of the executive branch, including the creation of a Joint Legislative Oversight and Review Committee of Federal COVID Relief Aid and the referral of more spending initiatives by state agencies to the Controlling Board for approval. Here is a complete breakdown from the Ohio Legislative Service Commission.

If you have questions about the provisions in the Ohio Budget, contact OSCPA's Government Relations team.

Latest budget news:

  • Apr 30, 2021

    Budget hearings: ODT to modernize computer system

    The Ohio Department of Taxation in the coming fiscal year will begin a two-year project to modernize the personal income tax and school district income tax computer system.
  • Apr 22, 2021

    House sends budget to Senate with tax cut, school funding overhaul

    The Ohio House on Wednesday voted 70-27 to send House Bill 110, the biennial budget, to the Senate, wrapping in the school funding overhaul plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets.
  • Apr 15, 2021

    Budget bill includes 2% income tax cut

    The House Finance Committee on April 13 unveiled its version of Ohio’s biennial budget, wrapping in the school funding plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets.