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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:

  • May 08, 2025

    New TechCred window open until May 30

    A new TechCred application period opened May 1 and will close on May 30. OSCPA offers two ways to help members take advantage of this comprehensive upskilling program.
  • May 08, 2025

    April tax collections slightly exceed forecasts

    Tax revenues came in slightly less than 1% over forecasts in April, according to preliminary data from the Office of Budget and Management.
  • May 08, 2025

    Commercial Activity Tax filing deadline on May 12

    All Commercial Activity Tax (CAT) practitioners and taxpayers are reminded that the first quarter 2025 CAT return is due May 12, 2025.
  • May 02, 2025

    Remember to vote on Tuesday!

    If you have not cast your vote yet for the May 6 primary election, your last chance to do so is this Tuesday. Polls will be open from 6:30am to 7:30pm.
  • May 02, 2025

    Unemployment trust fund on path to insolvency within decade

    Ohio’s unemployment trust fund is likely to become insolvent within several years even without any recessions in the meantime, Ohio Department of Job and Family Services Director Matt Damschroder told a House committee on April 30.