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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:

  • Sep 06, 2024

    Ohio Business Gateway deadline approaching

    The OBG on September 5 implemented a targeted enhancement for CPAs to simplify and streamline the User Access Request process within the OBG Portal.
  • Sep 06, 2024

    Week in Review: Sept. 8, 2024

    The Public Utilities Commission of Ohio highlighted Intel's projected 20-year, $20 billion contribution to state economic goals and Ohio Consumers' Counsel backing Wednesday in approving discounted electric rates for the company's future semiconductor facilities in Central Ohio.
  • Aug 23, 2024

    Balancing cost and competition in office real estate

    The post-pandemic real estate landscape is still evolving, with Ohio's major cities experiencing shifts reflecting broader national office space demand trends.
  • Aug 23, 2024

    Week in Review: Aug. 25, 2024

    The DeWine administration announced Monday that Dayton will be the site of Ohio's second innovation hub, a similar program to the innovation districts in Columbus, Cleveland and Cincinnati.
  • Aug 22, 2024

    FTC’s non-compete ban struck down

    A federal court in Texas struck down the Federal Trade Commission’s proposed ban on non-compete agreements nationwide.