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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:

  • Nov 22, 2024

    Week in Review: Nov. 24, 2024

    With the population of Columbus projected to reach nearly 3.5 million people by 2050, leaders in the region right now are facing major decisions concerning regional planning and economic development that could pave the way for the region's smooth growth to that size or make the path rockier.
  • Nov 16, 2024

    Week in Review: Nov. 17, 2024

    Lt. Gov. Jon Husted told members of the Ohio Manufacturers' Association that "made in America" requires "made in Ohio" during the OMA workforce summit Thursday.
  • Nov 15, 2024

    Ohio Business Gateway deadline, more resources now available

    Ohio Business Gateway users only have two more weeks to act before Dec. 2 – that’s when multi-factor authentication becomes an OH/ID login requirement for the OBG.
  • Nov 15, 2024

    Beneficial Ownership Information updates and resources

    Ohio is among the 47 states that have not weighed in on the unauthorized practice of law issue concerning the upcoming beneficial ownership information reporting requirement.
  • Nov 15, 2024

    OSCPA encourages release of CHIPs funding

    OSCPA joined the Ohio Chamber of Commerce and other business groups this week to send a letter to President Joe Biden and the U.S. Department of Commerce urging the immediate release of CHIPS and Science Act funding.