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:

  • Dec 15, 2023

    Politicos on the Move: Dec. 17, 2023

    State Rep. Reggie Stoltzfus, a Stark County Republican, intends to run next year for Ohio’s 6th Congressional District.
  • Dec 15, 2023

    Week in Review: Dec. 17, 2023

    The DeWine administration and JobsOhio announced Monday payment processing solutions provider Worldpay will reestablish its global corporate headquarters in the Cincinnati area, creating more than 500 new jobs and $56 million in associated payroll to the region while retaining 971 jobs and $93 million in existing payroll.
  • Dec 10, 2023

    Week in Review: Dec. 10, 2023

    Moody's Investor Service bumped Ohio's issuer rating to Aaa from Aa1, the DeWine administration said Friday.
  • Dec 08, 2023

    ODT sending notices related to refundable EPTE tax credit and add-back

    A few members recently contacted OSCPA and said that the Ohio Department of Taxation has begun sending notices to taxpayers who are investors in electing pass-through entities – those who filed the IT 4738.
  • Dec 08, 2023

    FY24 surplus nears quarter billion

    The state collected about $26.1 million or 1% more in taxes during November than expected, according to preliminary figures from the Office of Budget and Management.