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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:

  • Dec 13, 2024

    November revenues fall short

    The Office of Budget and Management reported Friday that preliminary estimates of November’s revenues show them coming in nearly 3% below estimates. Specifically, the state was nearly $76.9 million or 2.9% below estimates for the month.
  • Dec 08, 2024

    Week in Review: Dec. 8, 2024

    The JobsOhio Board of Directors met Thursday at which time Chair Josh Rubin said that while JobsOhio has been a "tremendous success" on many fronts, Ohio has changed since 2011 and so the organization needs to continue to evolve.
  • Dec 06, 2024

    Standing strong for Ohio’s CPAs

    For over a century, the Ohio Society of CPAs has stood as a steadfast advocate for excellence in the CPA profession, empowering thousands of licensees across our great state. We continue that legacy today by addressing our field's most pressing challenges.
  • Dec 06, 2024

    OH | Tax eServices launching Dec. 9

    The second phase of OH | Tax eServices will allow taxpayers to file more types of returns, including sales/use, public utility and personal property among others.
  • Dec 05, 2024

    U.S. District Court halts enforcement of BOI reporting rules – for now

    On Dec. 3 the U.S. District Court for the Eastern District of Texas suspended nationwide the implementation of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements.