Screen Shot 2019-12-10 at 9.52.32 AM

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:

  • Jun 14, 2024

    May revenues on target; Underspending exceeds FY24 shortfall

    Tax revenues were back on target in May after a slide over the past several months that turned a $200 million-plus overage into a $400 million-plus shortfall in collections, according to preliminary figures from the Office of Budget and Management (OBM). Year-to-date underspending, however, far exceeds any revenue shortfalls.
  • Jun 14, 2024

    Mandatory overtime pay rule is slated to take effect July 1; OSCPA working to delay implementation

    As previously reported by OSCPA, The Wage and House Division of the U.S. Department of Labor has adopted a rule that will increase the level of income below which employers must pay overtime.
  • Jun 14, 2024

    ODT to hold CAUV public hearing virtually on July 12

    The Ohio Department of Taxation is holding a public hearing to present and hear comments on the proposed current agricultural use values (CAUV) for tax year 2024 on July 12 at 10:30 a.m.
  • Jun 14, 2024

    Politicos on the Move: Jun. 16, 2024

    Sen. Michael Rulli was elected to Congress in a special election earlier this month, replacing former U.S. Rep. Bill Johnson who resigned to accept his new role as president of Youngstown State University.
  • Jun 14, 2024

    Week in Review: June 16, 2024

    Months after the House adopted a project wish list for the one-time capital funding pool established in the biennial budget, the Senate introduced SB288 (Dolan) on Monday that includes a plan for all $700 million set aside in HB33 (Edwards).