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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:

  • Jul 19, 2024

    Week in Review: July 21, 2024

    The BWC announced Wednesday that registration has opened for the free, virtual Medical and Health Symposium it will host from Wednesday, Nov. 13 through Friday, Nov. 15.
  • Jul 17, 2024

    ODT seeks OSCPA members for usability study

    Last summer, the Ohio Department of Taxation launched Project NextGEN to replace the current systems that administer Ohio’s individual and school district income taxes. The new system is scheduled to go-live on Sept. 5, 2023, and will provide a “banking experience” for taxpayers and tax professionals.
  • Jul 12, 2024

    Almost celebration time: Ohio’s expanded Sales Tax Holiday starts soon

    Shoppers, start your engines. Ohio’s expanded Sales Tax Holiday will take place from 12:00 a.m. Tuesday, July 30 until 11:59 p.m. Thursday, August 8.
  • Jul 12, 2024

    State ends FY24 with $1.1B balance despite tax misses

    Despite lagging tax revenues, investment earnings and underspending helped Ohio end the fiscal year with a $1.1 billion balance.
  • Jul 12, 2024

    Week in Review: July 14, 2024

    The Ohio Department of Transportation and DriveOhio recently announced the opening of two new vehicle charging stations built using federal funds through the National Electric Vehicle Infrastructure program.