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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:

  • Dec 15, 2023

    Week in Review: Dec. 17, 2023

    The DeWine administration and JobsOhio announced Monday payment processing solutions provider Worldpay will reestablish its global corporate headquarters in the Cincinnati area, creating more than 500 new jobs and $56 million in associated payroll to the region while retaining 971 jobs and $93 million in existing payroll.
  • Dec 10, 2023

    Week in Review: Dec. 10, 2023

    Moody's Investor Service bumped Ohio's issuer rating to Aaa from Aa1, the DeWine administration said Friday.
  • Dec 08, 2023

    ODT sending notices related to refundable EPTE tax credit and add-back

    A few members recently contacted OSCPA and said that the Ohio Department of Taxation has begun sending notices to taxpayers who are investors in electing pass-through entities – those who filed the IT 4738.
  • Dec 08, 2023

    FY24 surplus nears quarter billion

    The state collected about $26.1 million or 1% more in taxes during November than expected, according to preliminary figures from the Office of Budget and Management.
  • Dec 08, 2023

    Gov. DeWine announces official launch of the Governor’s Merit Scholarship Program

    Gov. Mike DeWine, in collaboration with the Ohio Department of Higher Education, announced the official launch of the Governor’s Merit Scholarship Program.