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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:

  • Jun 12, 2025

    May tax revenues beat estimates by quarter billion

    Strong income tax collections drove state revenues $251 million past estimates last month. Preliminary numbers for May show overall, tax collections were up 9.8% over estimates according to the Office of Budget and Management (OBM). The state has collected $26.4 billion over the fiscal year, which is just over $800 million above estimates.
  • Jun 06, 2025

    Ohio Senate adopts budget substitute bill, flat tax

    The Ohio Senate adopted the latest version of the budget bill on June 3. The big news was the Senate moving Ohio to a flat tax on nonbusiness income phased in over two years.
  • Jun 06, 2025

    Ohio’s Sales Tax Holiday set for August

    Gov. Mike DeWine announced that the state’s 2025 Sales Tax Holiday will run from Friday, Aug. 1 through Thursday, Aug. 14. This is the first time the tax holiday will run for two full weeks.
  • Jun 06, 2025

    Comment period open for U.S. Treasury requiring electronic payments

    President Trump has issued Executive Order 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments. Written comments and information are requested on or before June 30, 2025.
  • Jun 06, 2025

    Week in review: June 8, 2025

    A summary of Ohio’s legislative news for the week ending June 6, 2025.