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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:

  • Sep 15, 2024

    Week in Review: Sept. 15, 2024

    Lt. Gov. Jon Husted recently announced that nearly 1,000 Ohio high school students had taken part in the 2024 High School Tech Internship program, while also noting the application process for 2025 program intermediaries has opened.
  • Sep 13, 2024

    Tax collections slightly exceed revised forecast in August

    Newly updated revenue forecasts for FY25 were close to the mark in August, with tax collections netting about half a percent more than expected, according to the OBM.
  • Sep 07, 2024

    Accountancy Board focuses on national licensure reform proposals

    OSCPA reported that several individual states, including Ohio, are seriously exploring a variety of licensure reforms on their own to tackle the shrinking CPA pipeline.
  • Sep 06, 2024

    Ohio Business Gateway deadline approaching

    The OBG on September 5 implemented a targeted enhancement for CPAs to simplify and streamline the User Access Request process within the OBG Portal.
  • Sep 06, 2024

    Week in Review: Sept. 8, 2024

    The Public Utilities Commission of Ohio highlighted Intel's projected 20-year, $20 billion contribution to state economic goals and Ohio Consumers' Counsel backing Wednesday in approving discounted electric rates for the company's future semiconductor facilities in Central Ohio.