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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:

  • Feb 14, 2025

    Register now for the Feb. 20 OSCPA Town Hall

    Register for the Feb. 20 Town Hall hosted by OSCPA President & CEO Laura A. Hay, CPA, CAE. This session features Tom Zaino, JD, CPA, and Greg Saul, Esq., CAE, who will provide insights on what to expect from the Ohio budget bill and its impact on the profession.
  • Feb 14, 2025

    Week in Review: Feb. 16, 2025

    A summary of Ohio's legislative news for the week ending Feb. 14, 2025.
  • Feb 07, 2025

    Ohio House passes tax conformity legislation

    The Ohio Society of CPAs on Feb. 5 testified as a proponent to the House Ways & Means Committee on House Bill 14, the annual federal/state tax conformity legislation. Later that afternoon, the Ohio House unanimously passed the legislation by a 93-0 vote.
  • Feb 07, 2025

    DeWine’s budget proposal features sin tax hikes to fund new programs

    Gov. Mike DeWine on Feb. 3 announced his FY 2026-2027 executive budget proposal, and higher taxes on tobacco, sports gambling and adult use cannabis would pay for several new programs.
  • Feb 07, 2025

    January revenues come in above estimates

    According to preliminary data released Feb. 6 by the Office of Budget and Management (OBM), total General Revenue Fund (GRF) tax receipts came in $172.5 million, or 6.6%, above estimates in January.