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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:

  • Oct 04, 2024

    OBM director says Ohio weathered high interest rates well as Fed begins rate cuts

    The Federal Reserve for the first time in four years cut the interest rate by 0.5 percentage points last month, which could not only stimulate the broader economy but also affect state budgets going forward, including Ohio’s.
  • Sep 27, 2024

    Clock is ticking: Ohio Business Gateway action required

    The Ohio Department of Administrative Services recently shared with OSCPA that through Sept. 16 only 35% of current OH/ID users have completed required Ohio Business Gateway actions prior to an upcoming deadline.
  • Sep 27, 2024

    Week in Review: Sept. 29, 2024

    Lt. Gov. Jon Husted told members of the InnovateOhio Executive Committee Tuesday that Intel CEO Pat Gelsinger had given him reassurances about the status of Intel's Ohio project amid recent developments, including that it and other Intel foundry operations will be shifted to an independent subsidiary.
  • Sep 26, 2024

    Accountancy Board visits OSU, encourages dozens of accounting students to become CPAs

    At least once a year the ABO goes on the road to an Ohio college or university to meet directly with accounting students. The September 13 meeting was held at The Ohio State University and dozens of hopeful future CPAs attended.
  • Sep 22, 2024

    Week in Review: Sept. 22, 2024

    Gov. Mike DeWine and the Ohio Department of Transportation announced that $15 million in grants will go to several cities and townships around Ohio to support roadway safety improvements and improved road signage.