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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:

  • Jan 12, 2024

    December revenues miss mark, come in 11.5% below estimates

    The Personal Income Tax accounted for the shortfall, coming in $266.8 million or 28.4% below the estimate for the month.
  • Jan 12, 2024

    Politicos on the Move: Jan. 14, 2023

    House Democrats have selected Beryl Brown Piccolantonio, president of the Gahanna Jefferson Board of Education, to replace former Rep. Mary Lightbody (D-Westerville), who resigned her 4th House District seat on Jan. 9.
  • Jan 12, 2024

    Week in Review: Jan. 14, 2024

    The DeWine administration announced Monday the Department of Development is now accepting proposals for the Innovation Hubs program, which provides $125 million for small and medium-sized Ohio cities to create hubs like the existing innovation districts in Columbus, Cleveland and Cincinnati.
  • Jan 07, 2024

    Week in Review: Jan. 7, 2024

    Ohio's minimum wage increased Jan. 1, 2024 to $10.45 per hour for non-tipped employees and $5.25 per hour for tipped employees.
  • Jan 05, 2024

    ODT provides essential resources for upcoming 2024 tax filing season

    The Ohio Society of CPAs is partnering with the Ohio Department of Taxation to host a webinar on Wednesday, Jan. 24 covering Ohio individual and school district income tax updates. One hour of CPE will be provided