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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:

  • Jul 16, 2023

    Week in Review: July 16, 2023

    The Ohio Third Frontier Commission Tuesday approved $1.1 million in grants to support "breakthrough" medical and aviation technology development by eight companies as part of the Technology Validation and Start-up Fund.
  • Jul 14, 2023

    Ohio biennial budget bill enacted after Gov. DeWine issues 44 line-item vetoes

    On June 30, the Ohio House by a bipartisan vote of 67-30 and the Ohio Senate on a party-line vote of 25-6 adopted their agreed-upon conference committee changes to House Bill 33, Ohio’s biennial budget legislation for fiscal years 2024-2025.
  • Jul 14, 2023

    State ends FY23 with revenues nearly $1B over estimates

    According to the Office of Budget and Management, the state of Ohio ended FY23 on June 30 with tax revenues totaling $994.2 million or 3.6% above estimates for the year.
  • May 26, 2023

    Sen. Brown backs measure to raise 1099-K reporting threshold

    Senators Sherrod Brown, D-Ohio, and Bill Cassidy, R-Louisiana, are proposing to raise the reporting threshold on transactions from companies such as Airbnb, eBay, Etsy, PayPal and Venmo from $600 to $10,000 to save headaches for small businesses and individuals who work in the gig economy.
  • May 26, 2023

    Ohio House passes measure limiting notices & late filing penalties

    A number of OSCPA legislative priorities continue to move through the Ohio legislature, including House Bill 105—a measure that would limit notices and late filing penalties under R.C. 718.27.