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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:

  • Oct 18, 2024

    Week in Review: Oct. 20, 2024

    The Ohio Department of Commerce Division of Unclaimed Funds recently reminded banks and other businesses operating in the state of Ohio to submit their unclaimed funds reports to the division by Friday, Nov. 1, even if there are no funds to report.
  • Oct 13, 2024

    Week in Review: Oct. 13, 2024

    Social Security benefits and Supplemental Security Income payments for more than 72.5 million Americans will increase 2.5% in 2025.
  • Oct 11, 2024

    September revenues tally $500+ million over estimates, lag what was raised in 2023

    Specifically, the state finished September with $2.1 billion, $547.1 million or 36 percent over the updated estimate for the month. The estimated revenue for September had been $1.5 billion.
  • Oct 10, 2024

    Action required - Ohio Business Gateway Webinar

    OSCPA members have until Dec. 2 before multi-factor authentication becomes an OH/ID login requirement for the OBG. Those practitioners who do not request user access and add their clients before Dec. 2 could lose access to filing and paying in the OBG for their clients.
  • Oct 06, 2024

    Week in Review: Oct. 6, 2024

    Ohio was recently named the 15th "most fun" state in the U.S. by personal finance website WalletHub, putting it second among neighbors behind Pennsylvania which was 13th.