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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:

  • Jan 12, 2024

    Politicos on the Move: Jan. 14, 2023

    House Democrats have selected Beryl Brown Piccolantonio, president of the Gahanna Jefferson Board of Education, to replace former Rep. Mary Lightbody (D-Westerville), who resigned her 4th House District seat on Jan. 9.
  • Jan 12, 2024

    Week in Review: Jan. 14, 2024

    The DeWine administration announced Monday the Department of Development is now accepting proposals for the Innovation Hubs program, which provides $125 million for small and medium-sized Ohio cities to create hubs like the existing innovation districts in Columbus, Cleveland and Cincinnati.
  • Jan 07, 2024

    Week in Review: Jan. 7, 2024

    Ohio's minimum wage increased Jan. 1, 2024 to $10.45 per hour for non-tipped employees and $5.25 per hour for tipped employees.
  • Jan 05, 2024

    ODT provides essential resources for upcoming 2024 tax filing season

    The Ohio Society of CPAs is partnering with the Ohio Department of Taxation to host a webinar on Wednesday, Jan. 24 covering Ohio individual and school district income tax updates. One hour of CPE will be provided
  • Jan 05, 2024

    The impact on tax practitioners in the event of an IRS shutdown

    A letter sent in late November to the IRS detailed how an IRS shutdown during the tax filing season would harm taxpayers and tax practitioners. The letter also outlines recommendations to the IRS that could mitigate the long-term effects of a shutdown.