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:

  • May 10, 2024

    April tax revenues miss by $224 million, taking FY24 shortfall to $446 million

    Higher than expected refund totals drove a $154.8 million shortfall in income tax collections compared to estimates for April, making up the bulk of an overall $224.4 million or 8.4% miss in tax revenues versus forecasts, according to preliminary data from the Office of Budget and Management.
  • May 10, 2024

    ODT Ohio Virtual Tax Academy offered May 15 & 16

    The Ohio Department of Taxation is offering its Ohio Virtual Tax Academy, a free event designed to provide tax-related information to small business owners, attorneys and accountants.
  • May 10, 2024

    POLITICOS ON THE MOVE: May 12, 2024

    New state Rep. Jodi Whitted (D-Madeira) was sworn in May 8 on the floor of the Ohio House chamber. Whitted was appointed to serve the final eight months of the term vacated by former state Rep. Jessica Miranda, who resigned from the House to become Hamilton County auditor.
  • May 10, 2024

    WEEK IN REVIEW: May 12, 2024

    The Controlling Board Monday approved the Ohio Department of Development's (DOD) request to release $154.4 million in American Rescue Plan Act (ARPA) funding for the Appalachian Community Grant Program.
  • May 09, 2024

    OSCPA launches Disaster Relief Resource Center

    In the wake of the devastating tornadoes and other extreme weather events affecting Ohio in recent months, OSCPA has launched a webpage with disaster relief resources to help you and those you serve navigate unexpected events.