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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:

  • Aug 02, 2024

    Week in Review: Aug. 4, 2024

    Gov. Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced $36.7 million in state tax credits will support 17 theatrical, television, and film production projects in Ohio.
  • Jul 26, 2024

    Final reminder: Ohio 2024 sales tax holiday starts Tuesday

    Ohio will have an expanded sales tax holiday from 12 a.m. Tuesday, July 30 through 11:59 p.m. Thursday, Aug. 8.
  • Jul 26, 2024

    TechCred awards more than 100,000 credentials

    This milestone demonstrates Ohio employers' demand for the skills needed to keep up with modern and future-forward technology.
  • Jul 26, 2024

    Week in Review: July 28, 2024

    Detailed planning can begin in earnest for the upcoming biennial budget cycle after the Office of Budget and Management published official guidance for FY26-27.
  • Jul 19, 2024

    Mr. B brings you an update on BOI and BWC

    While Mr. B teaches kids their ABCs, this week he’s bringing updates on Beneficial Ownership Information and the Ohio Bureau of Workers’ Compensation.